950 Terminal Ave N Nanaimo, British Columbia V9S 4K4
$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 | 7086 |
| Size Total | 7086 Sqft |
| Size Total Text | 7086 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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Vancouver Island Real Estate Board
RE/MAX Of Nanaimo
March 16 2021 05:41:17
