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950 Terminal Ave N Nanaimo, British Columbia V9S 4K4

3238 sqft
Air Conditioned Baseboard Heaters

$1,098,000

Excellent opportunity to own this family owned and operated 9-unit Motel plus 2-bedroom owners suite in Nanaimo on Vancouver Island of BC. This package is being offered as a 100% share sale plus building and land. Great small business investment with good cashflow and potential for increased income growth. The motel has excellent highway exposure, located in central Nanaimo with easy access to downtown Nanaimo and the ferry and seaplane terminals. It is also just a short walk to restaurants, groceries, banks, liquor and other shopping amenities. There is a variety of rooms for guests over 2 levels including 5 deluxe rooms with 2 beds, 3 king size kitchenette studios all which have sliding glass doors to a deck and rear yard, 1 family suite which includes separate bedroom w/balcony, bed, couch & kitchen, all the rooms offer a 4 piece bathroom. In addition, on site located behind the check in counter is a 2-bed manager's suite with outdoor patio area. Also, on site is a storage room & laundry room. Recent updates include LED TV's in all rooms and lighting in deluxe rooms. This has been a great business for the current owners for many years, now it is time for a new owner to take over to enjoy the growth of Nanaimo! Call or email for further details. (id:33633)

Business

Business Type Accommodation
Name Colonial Motel

Property Details

MLS® Number 866184
Property Type Business
Neigbourhood Central Nanaimo
Features Other, Marine Oriented
Sign Type Pylon

Building

Cooling Type Air Conditioned
Fireplace Present No
Heating Fuel Electric
Heating Type Baseboard Heaters
Size Interior 3238 Sqft

Land

Access Type Highway Access
Acreage No
Size Irregular 9268
Size Total 9268 Sqft
Size Total Text 9268 Sqft
Zoning Description Cor2
Zoning Type Unknown

https://www.realtor.ca/real-estate/22815423/950-terminal-ave-n-nanaimo-central-nanaimo

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