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942 Hillside Ave Victoria, British Columbia V8T 2A1
$3,500,000
Rare opportunity to purchase an attractive multi-tenanted retail strip mall property in a strong up and coming area just north of the vibrant Quadra Street Village. The property is anchored by two long-term tenants (Susan James and Taco Time) and the vacant space was recently leased (10-year term) to Damascus Food Market. All three leases have a Demo clause in favour of the Landlord. The property is suitable for the investor purchaser and also the developer who wishes to land bank the property with an excellent holding income. All three leases have rent escalations. The property is low maintenance and easily managed. A generous Easement over the adjoining property (990 Hillside) gives the Tenants in 942 Hillside access to additional parking as well as access / egress off both Quadra Street and Hillside Avenue (See Easement document for details). The Seller is offering very attractive long term below market financing for qualified Buyers. Please arrange in advance for property tours - do not approach staff in existing tenancies without pre-approval. (id:47287)
Property Details
| MLS® Number | 938131 |
| Property Type | Retail |
| Neigbourhood | Hillside |
| Plan | Vip38115 |
Building
| Size Exterior | 6609 Sqft |
| Type | Retail |
Land
| Acreage | No |
| Size Irregular | 12010 |
| Size Total | 12010 Sqft |
| Size Total Text | 12010 Sqft |
| Zoning Description | C1-qv |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/25866616/942-hillside-ave-victoria-hillside
Interested?
Contact us for more information
Kevin Pirie
www.naivictoria.ca/
Nai Commercial (Victoria) Inc.
200-569 Johnson St
Victoria, British Columbia V8W 1M2
200-569 Johnson St
Victoria, British Columbia V8W 1M2
(250) 381-2265
(250) 381-7803
www.naivictoria.ca/
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August 22 2023 12:04:33
Victoria Real Estate Board
Nai Commercial (Victoria) Inc.
