347 Wesley St, Nanaimo
347 Wesley St, Nanaimo
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2 Photos
- MLS®: 948598
- Type: Commercial
- Added: 165 days ago
Property Details
Investment Property Opportunity! Purchase this fully leased building showing a great annual return of $102,000.00 with a Cap rate over 5% at the asking price. Now with a newer 5-year lease and options to renew lasting until 2043. The building is situated in Nanaimo’s Vibrant Old City Quarter area and is occupied by one of the city’s most popular award-winning restaurants “Asteras Greek Taverna.” The building was originally built in 1912 and raised and renovated in 1996 with further renovations in 2008 to its current operation. There is a 2-bedroom, 2-bathroom apartment suite on the top floor included which is rented month to month. The building is set back on the lot allowing parking in the front and on the street. The 2-level building is +/- 3405 square feet in size plus a basement storage area. The owner states the roof is newer and is a hands-off operation. “Please do not disturb the tenant and business operation!” Call for further details and information. All measurements and data is approximate and to be verified if important. (id:1945)
Property Information
- Tax Lot: 18
- Zoning: Unknown
- Tax Block: 27
- Year Built: 1912
- Photos Count: 2
- Lot Size Units: square feet
- Parcel Number: 008-781-419
- Structure Type: Commercial Mix
- Common Interest: Freehold
- Tax Annual Amount: 18093
- Building Area Total: 3405
- Lot Size Dimensions: 5280
- Zoning Description: DT2
Features
- Other: Construction Materials: Frame Wood, Parking on Site: Yes
- Lot Features: Entry Location: Main Level
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