BC > Courtenay
Courtenay, BC V9N 7S7,2931 Moray Ave
Courtenay, BC V9N 7S7,2931 Moray Ave
Courtenay, BC V9N 7S7,2931 Moray Ave
Courtenay, BC V9N 7S7,2931 Moray Ave
Courtenay, BC V9N 7S7,2931 Moray Ave
Courtenay, BC V9N 7S7,2931 Moray Ave
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Amber Simpson

Amber Simpson

+1(250) 216-2728
$ 1,150,000
Est. payment | /mo

0.44 Acres Lot

Save
$ 1,150,000
Est. payment | /mo
Save

0.44 Acres Lot

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 Cv Courtenay City

Zoning Light Industrial I-2

Interior

Heating Natural Gas, Other

Flooring Mixed

Inclusions Fixtures

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

Story 1

Sewer Sewer Connected

Water Municipal

Structure Type Aluminum Siding

Others

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)
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(250) 216-2728

info@ambershouse.ca

Victoria, British Columbia, CAN

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2931 Moray Ave