2931 Moray Ave new Save Request In-Person Tour Request Virtual Tour
Courtenay,BC V9N 7S7
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 997340
Year Built 1990
Annual Tax Amount $21,850
Tax Year 2024
Lot Size 0.440 Acres
Property Sub-Type Industrial
Property Description
Investor opportunity!! 5% cap rate from 2 tenants: Rogers Communications has a small fenced in compound with a cell tower in the back right corner; Wayward Distillery occupies 95% of the property & 100% of the building. Lease for Wayward expires June 30, 2029, with one 5 year option to renew. Wayward has a retail store component right at the entry, which serves as both a tasting room & storefront. There's a 2 piece bathroom at the back of this space. They've added some nice touches such as a timber frame covered entry to the building, & 2 electric vehicle plug-ins by the front entry. Rogers is basically a permanent tenant by virtue of a Right of Way registered against the title which governs their access, right to use, & defines the rent structure being tied to CPI. The upstairs mezzanine has 2 offices & a staff lunchroom with a 2 piece bathroom. Located just off the 29th St. (South) connector, this area is mostly Light Industrial (I-2) zoned. At least 7 off-street parking spots.
Location
Province BC
County Courtenay, City Of
Area Comox Valley
Zoning Light Industrial I-2
Interior
Heating Natural Gas,Other
Flooring Mixed
Inclusions Fixtures
Exterior
Exterior Feature Fencing: Full,Lighting,Low Maintenance Yard,Sign: Allowed,Storefront
Parking On Site 1
Utilities Available Cable Available,Electricity To Lot,Natural Gas To Lot,Phone Available
Building
Lot Description Central Location,Rectangular Lot,Shopping Nearby
Building Description Aluminum Siding, Kitchen/Staff Room,Shopping Nearby,Transit Nearby
Sewer Sewer Connected
Water Municipal
Structure Type Aluminum Siding
Others
Acceptable Financing None
Listing Terms None