or
By sending an inquiry or calling an agent, you agree to our Terms of Use
Share
Report

11,800 ft²
Retail
$950,000
Sale


Download Brochure Brochure 1

PRICE REDUCED | CAP RATE 7.45% The Vendor has exclusively retained Form Real Estate Advisors Inc. (the “Agent”) to facilitate the sale of its 100% freehold interest in 33 South Shore Road (the “Subject Property”). The Subject Property is a single-tenant, triple-net investment opportunity located in the Town of Lake Cowichan, located approximately 30 KM west of the Trans Canada Highway and the City of Duncan. Situated on a large 39,400 square foot lot improved with a commercial building leased to FHC Enterprises Ltd., (corporate covenant of Fields, a regional grocery and household goods chain) who recently renewed their lease for a further five (5) years, expiring August 2022. Fields is a strong regional covenant providing stable and consistent cash flow with significant future redevelopment potential, by way of waterfront residential development. Located in the central portion of the primary commercial development strip, the surrounding area is a mix of residential and commercial uses. The subject Property benefits from having five separate legal titles which allows for greater flexibility for development.


The Space
TypeProperty for sale
AvailableImmediately
Asking Price$950,000
Net Operating Income$70800.0

Protect Your Business

Get the most cost-effective insurance
coverage fast and easy!


The Building
Property TypeRetail
Building Size11,800 ft²
ZoningC-3 (Lake Front River Front Commercial)
Year Built1953
Year Renovated1980

Site Selection Reports
Powered by PiinPoint
Market planning, competitive reports, and consumer insights with just a few clicks!
  • Perfom advanced demographic analysis
  • Site forcasts with accurate modelling
  • Build professional quality reports in minutes
Piinpointsample

Similar Listings