Description
An exceptional opportunity awaits an owner-occupier or investor with this prime property located in Nanaimo's bustling business core. Boasting a functional ground level that is currently utilized as a Volvo auto repair center, the property's upstairs area has great potential for redevelopment into a work-live space, office space, or an alternative use to maximize the income potential under the current zoning. Furthermore, a purchase option for the operating business (Volvo service and repair) is available for an additional $100,000 (as an Asset Sale that includes existing inventory), with terms negotiable with the seller. As the neighborhood is optimal for redevelopment, sophisticated investors can anticipate future upside potential. The current owner will provide vacant possession. All sizes approximated and subject to verification by the prospective buyer.
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Description
An exceptional opportunity awaits an owner-occupier or investor with this prime property located in Nanaimo's bustling business core. Boasting a functional ground level that is currently utilized as a Volvo auto repair center, the property's upstairs area has great potential for redevelopment into a work-live space, office space, or an alternative use to maximize the income potential under the current zoning. Furthermore, a purchase option for the operating business (Volvo service and repair) is available for an additional $100,000 (as an Asset Sale that includes existing inventory), with terms negotiable with the seller. As the neighborhood is optimal for redevelopment, sophisticated investors can anticipate future upside potential. The current owner will provide vacant possession. All sizes approximated and subject to verification by the prospective buyer.
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Data last updated: 2023-09-23T00:22:22.84.