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2-341 1st Ave - Ladysmith

A comprehensive restoration has just been completed on this historic landmark building inside and out. Proven income stream with 5 residential tenants,3 new 5 year commercial leases anchored by the Ladysmith Chamber of Commerce and Active Solutions Health & Fitness new doctors practice and a new restaurant. Amazing panoramic ocean views, and directly across from the Credit Union Bank. The building structure has approx 12,500 sq ft on 3 floors where the main and lower levels accommodate commercial retail & office space with the top floor being residential. Nicely renovated drywall interior, sprinklers, large viewing decks, southern facing, good tenants with ample parking and free city parkade next door! Well maintained building with renovations comprising fire sprinklers, industrial 3 phase wiring, plumbing & roof,and complete brick structural front Facade. Showing a high Cap Rate on net income at asking price.

Total Available Space - 1,392 sqf
Price per sqf - $9.00 per sqf

Call for more detailed information: Jay Deleskie Coldwell Banker Slegg Realty Buyers & Sellers Representation Development Services Leasing and Property Valuation CALL ANYTIME 250-755-7257

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Other Information
Ad Id28160042
CategoryComm. Property Sales
PostedSeptember 09, 2016
Renewed December 19, 2016
Expiry January 18, 2017
Details New, Commercial Seller
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