Listing Details for 950 Terminal Ave N, Nanaimo - MLS® #866184

Business For Sale 1,098,000

Business Property For Sale at $1,098,000

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Basic Details

Listing ID
22815423
MLS® Number
866184
Street Address
950 Terminal Ave N
Street Number
950
Street Name
Terminal
City
Nanaimo
Postal Code
V9S4K4
Property Type
Business
Price
1,098,000
Ownership Type
Freehold
Zoning Description
COR2
Municipal Id
006-491-197
Neighbourhood
Central Nanaimo
Street Direction Suffix
North
Features
Other, Marine Oriented
Zoning Type
Unknown
Sign Type
Pylon
More Details...

Property Description

Excellent opportunity to own this family owned and operated 9-unit Motel plus 2-bedroom owners suite in Nanaimo on Vancouver Island of BC. This package is being offered as a 100% share sale plus building and land. Great small business investment with good cashflow and potential for increased income growth. The motel has excellent highway exposure, located in central Nanaimo with easy access to downtown Nanaimo and the ferry and seaplane terminals. It is also just a short walk to restaurants, groceries, banks, liquor and other shopping amenities. There is a variety of rooms for guests over 2 levels including 5 deluxe rooms with 2 beds, 3 king size kitchenette studios all which have sliding glass doors to a deck and rear yard, 1 family suite which includes separate bedroom w/balcony, bed, couch & kitchen, all the rooms offer a 4 piece bathroom. In addition, on site located behind the check in counter is a 2-bed manager's suite with outdoor patio area. Also, on site is a storage room & laundry room. Recent updates include LED TV's in all rooms and lighting in deluxe rooms. This has been a great business for the current owners for many years, now it is time for a new owner to take over to enjoy the growth of Nanaimo! Call or email for further details. (id:8145)

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Full Details

Land

Size
9268 sqft
Irregular
9268
Access Type
Highway access

Building

Size (Interior)
3238 sqft
Cooling Type
Air Conditioned
Heating Fuel
Electric
Heating Type
Baseboard heaters
Top

Business

Business Business Type
Accommodation
Business Name
Colonial Motel

Listed by RE/MAX Of Nanaimo

MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.

Listing information last updated on Tue, 16 Feb 2021 21:01:10 GMT.