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11,800 ft²

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

The Building

PRICE REDUCED | CAP RATE 7.45% The Vendor has exclusively retained Form Retail 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. - 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 - 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, with a mix of residential and commercial uses in the adjacent areas - Subject Property benefits from having five separate legal titles which allows for greater flexibility for development

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

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