347 WESLEY NANAIMO

OTHER neighbourhood of Other British Columbia Canada V9R 3A7
$1,899,998

347 WESLEY NANAIMO

  • Price: $1,899,998
  • MLS Number: 948598
  • Square Footage: 3405 Sq Ft
  • Property Type: Single Family

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. With a 5-year lease & 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 raised and renovated in 1996 with further renovations in 2008 to its current operation. There is a 2-bedroom, 2-bathroom apartment on the top floor 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.

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Listing Brokerage: RE/MAX of Nanaimo

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