Parksville, BC V9P2N4 425 Stanford Ave E # 117

TURN KEY INVESTMENT PROPERTY WITH EXCELLENT LONG TERM TENANTS IN PLACE. Centrally located in a well-occupied complex, this strata commercial unit offers a bright and versatile space for a variety of business uses. Spanning over 2000 sqft the unit features a showroom, reception area, five private offices upstairs, a staff kitchenette, a two-piece bathroom, and a warehouse bay with an 8’ overhead door for rear access loading area. The rooftop HVAC system provides heating and air conditioning for year-round comfort. The CS-3 zoning gives tenants plenty of flexibility in how they use the space but the best part-its already occupied by long-term tenants who aren't going anywhere and includes an escalating annual rent increase along with a great 6% cap rate.These kind of returns make your accountant smile. The unit has been well maintained and managed. Excellent neighbours such as Arrowsmith Brewery, French Press Cafe, and Iron Warehouse Gym. Close to downtown, beaches and amenities.