Excellent opportunity to purchase a fully leased commercial strata titled investment property in the Town of Sidney. Ideally situated on the northeast corner of Bevan Avenue and Fifth Street, one block south of Beacon Avenue, in the heart of Sidney. The subject property is comprised of a 3-storey, 6-unit strata building. There is 7,440sf of rentable area between the 6 units, plus an estimated 7,174sf of area that provides secure covered parking and storage for the building, for a total building size of +/-14,614sf. The ground floor is home to Tonolli’s café/restaurant as well as a common area entrance and hallway, utility room, elevator, and stairwell access. The upper floors contain two strata units each that are demised into offices. Each floor has a common hallway and washrooms. Built in 2007, the building is nicely improved with high quality finishings. C1 zoning allows for a wide range of commercial uses. Truly a unique opportunity in a highly coveted location.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building
Year built:
2007
(Age: 18)
Lease Type:
See Remarks
Listing General Location:
Si Sidney South-East, Sidney
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
6,000 sq. ft.557 m2
Lot Details:
120 x 50
Taxes:
$32,306 /
2023
Number of Storeys:
3
Total Building Area:
14,614 sq. ft.1,358 m2
Leasable Area:
7,440 sq. ft.691 m2
Commercial Area:
Peninsula
Fireplace:
No
Main Level
Assessed:
3461000.0
Assessment year:
2024
Jurisdiction name:
Town of Sidney
Legal Description:
Strata Lot 1 to 6, Section 10, Range 4 East, North Saanich District, Strata Plan VIS6309, Together with an interest in the common property in proportion to the unit entitlement of the Strata Lot as shown on Form V (PID's: 027-121-542; 027-121-551; 027-121-569; 027-212-577; 027-121-585; 027-121-593)