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Esquimalt,BC V9A 4V1
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 984615
Rental Info Unrestricted
Annual Tax Amount $133,345
Tax Year 2023
Lot Size 1.640 Acres
Acres 1.64
Property Sub-Type Industrial
Property Description
Large light industrial zoned property in a highly desirable area of Esquimalt (with a portion of the property in Vic West) just minutes from downtown Victoria with convenient access to major transportation routes in and around the City. With just 35% site coverage, the property has significant development potential (approx. 20,000 SF in excess land) while providing the owner with an existing strong and stable rental income.
The property is anchored by Monk Office Supply ('Monk') who are an owner occupier. Monk will do a Seller lease back providing the Buyer with a strong cap rate / yield on the purchase. Alternatively, Monk can provide vacant possession of the Monk occupied space with reasonable notice.
Further details are available upon executing the Non Disclosure Agreement found in the Supplements.
Location
Province BC
County Capital Regional District
Area Es Old Esquimalt
Zoning Light Industrial
Exterior
Parking On Site 1
Others
Tax ID 001-510-126
Ownership Freehold