Gabriola Village Plaza

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FOR SALE> RETAIL STRIP MALL

Gabriola Village Plaza 580 NORTH ROAD, GABRIOLA ISLAND, BC OPPORTUNITY Colliers International is pleased to present the opportunity to acquire the investment property known as Gabriola Village Plaza, a 1-storey, part second floor, multi-tenant commercial retail building. The property is comprised of four ground level commercial units and one upper level office unit, which could be converted into a residential suite.

BRAD ARCHIBALD 250 740 1060 EXT 3 [email protected]

BRAD BAILEY 250 740 1060 EXT 1 [email protected]

JASON WINTON 250 740 1060 EXT 2 [email protected]

COLLIERS INTERNATIONAL #105 - 335 Wesley Street Nanaimo, BC

250 740 1060

www.collierscanada.com/nanaimo

FOR SALE> RETAIL STRIP MALL

Gabriola Village Plaza 580 NORTH ROAD, GABRIOLA ISLAND, BC

LOCATION

The subject property is located on Gabriola Island just 1 km from the island’s BC Ferry Terminal, which connects to the City of Nanaimo. Across the road from the Village Food Market and directly adjacent to the Gabriola Island Professional Centre, this property is located within the main commercial development node on the Island.

BC FERRY TERMINAL

SITE IMPROVEMENTS

GROCERY STORE

The total building area consists of ± 6,304 SF on a ± 29,110 SF lot with the following breakdown: Main Floor: Upper Floor: Total Area:

5,404 SF 900 SF 6,304 SF

Water is provided by a drilled well and shared with the adjacent lot. Sewage disposal is via a septic treatment plant and field system. Hydro and telephone utility services are installed overhead to the lot line. The building features a 400 amp main electrical service, metal roof and primarily baseboard electric heat throughout. There is a heat pump servicing the Coastal Community Credit Union space.

PROPERTY TAXES (2014)

ASSESSED VALUE (2015)

INCOME

PURCHASE PRICE

$11,000.09

Gross Income $78,550.00 Contact Listing Agent for further details.

Land: Building: Total:

$246,000.00 $432,000.00 $678,000.00

Six Hundred and Seventy-Five Thousand Dollars ($675,000.00)

LEGAL DESCRIPTION

Lot 32, Section 20, Gabriola Island, Nanaimo District, Plan 22723 PID: 000-188-069

ZONING

VC1 – Village Commercial One Permitted uses include retail sales and rentals, offices, personal services, limited public markets, medical and dental clinics, repair shops, building material supply, libraries, household storage, shopping centre combining three or more principal uses in this zone.

CONTACT US BRAD ARCHIBALD 250 740 1060 EXT 3 [email protected]

BRAD BAILEY 250 740 1060 EXT 1 [email protected]

JASON WINTON 250 740 1060 EXT 2 [email protected]

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