5299 RUTHERFORD ROAD NANAIMO

Uplands neighbourhood of Nanaimo British Columbia Canada V9T 5N9
$1,499,000

5299 RUTHERFORD ROAD NANAIMO

  • Price: $1,499,000
  • MLS Number: 439186
  • Property Type: Building and Land (Commercial)

INVESTMENT PROPERTY FOR Sale: Neighbourhood Retail Investment Complex. The property possesses approximately 4,166 sqft of rentable area comprised of three commercial units located in two stand alone buildings forming a part of the greater business centre known as the ‘Boardwalk on Rutherford’. All premises are currently leased and tenants include a popular bakery, home decor and furniture business, and a consignment shop. Investment capitalization rate of 5.2% based upon current asking price and net operating income. The property has been improved significantly by the current owners including brand new roofs and new patio area. Excellent passive income for investors looking to secure rare commercial space in the growing Linley Valley/Rutherford residential communities.

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Listing Brokerage: Colliers International (Nan)

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