Location, Location, Location! Rare chance to own a unique, income-generating property in one of Powell River's most desirable waterfront locations. This investment 'package' features the Powell River Harbour Guest House, situated at the foot of town on Willingdon Avenue, directly overlooking Westview marina and ferry terminal, together with the popular Thaidal Zone restaurant (note: lease to operator, the business is not for sale). The Guest House incorporates 6 guest rooms and shared amenities, including a newer modern kitchen, dining area and lounge, with ocean views from several rooms and decks. There have been recent upgrades to the guest house, including spray foam insulation and a sprinkler system throughout. Roofs replaced in 2014 (guest house) and 2010 (restaurant). There are also some cosmetic improvements underway. This attractive investment opportunity offers a projected cap rate of 9%+ from the stable revenue stream. Call listing agent with questions or to view. (id:4069)
Address
4454 WILLINGDON AVE
List Price
$1,080,000
Property Type
Business
Transaction Type
Sale
Area
British Columbia
Sub-Area
Powell River
Lot Size
6534 Sq. Ft.
Year Built
1960
MLS® Number
19442
Listing Brokerage
ROYAL LEPAGE POWELL RIVER
Postal Code
V8A2M6
Site Influences
Shopping, Public Transit, View
Features
Visual exposure, Tenant improvement
Amenities
Shopping Area, Storefront, Balconies
