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Denise Hodgins PREC*

denise@bcislandhomes.ca +1(250) 619-2855

$ 1,150,000

Est. payment -/mo

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2931 Moray Ave Courtenay, BC V9N 7S7

0.44 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 997340

Rental Info Unrestricted

Year Built 1990

Annual Tax Amount $21,850

Tax Year 2024

Lot Size 0.440 Acres

Acres 0.44

Lot Dimensions 98.4'x196.8'

Property Sub-Type Industrial

Property Description

Investor opportunity!! 5% cap rate from 2 tenants: Rogers Communications has a small fenced in compound with a cell tower in the back right corner; Wayward Distillery occupies 95% of the property & 100% of the building. Lease for Wayward expires June 30, 2029, with one 5 year option to renew. Wayward has a retail store component right at the entry, which serves as both a tasting room & storefront. There's a 2 piece bathroom at the back of this space. They've added some nice touches such as a timber frame covered entry to the building, & 2 electric vehicle plug-ins by the front entry. Rogers is basically a permanent tenant by virtue of a Right of Way registered against the title which governs their access, right to use, & defines the rent structure being tied to CPI. The upstairs mezzanine has 2 offices & a staff lunchroom with a 2 piece bathroom. Located just off the 29th St. (South) connector, this area is mostly Light Industrial (I-2) zoned. At least 7 off-street parking spots.

Location

Province BC

County Courtenay, City Of

Area Comox Valley

Zoning Light Industrial I-2

Interior

Heating Natural Gas, Other

Flooring Mixed

Inclusions Fixtures

Heat Source Natural Gas, Other

Exterior

Exterior Feature Fencing: Full, Lighting, Low Maintenance Yard, Sign: Allowed, Storefront

Parking On Site 1

Utilities Available Cable Available, Electricity To Lot, Natural Gas To Lot, Phone Available

Total Parking Spaces 7

Building

Lot Description Central Location, Rectangular Lot, Shopping Nearby

Building Description Aluminum Siding, Kitchen/Staff Room,Shopping Nearby,Transit Nearby

Sewer Sewer Connected

Water Municipal

Structure Type Aluminum Siding

Others

Pets Allowed Yes

Restrictions Easement/Right of Way

Tax ID 000-346-471

Ownership Freehold

Acceptable Financing None

Listing Terms None

Listed by Royal LePage-Comox Valley (CV)