Property Information:
This listing is for the sale of shares of 2 corporations. The first one being the Tower Brae Holdings Ltd. whichoperates as Parksville Home Hardware, Parksville, B.C. This is a well established Home Hardware franchisewith a proven record of profits over many years. It is located in the heart of downtown Parksville with excellenttraffic flow and is a destination business with many regular customers. Tower Brae Holdings Ltd. is offered forsale at $650,000 which includes $350,000 in inventory. The purchase price would be adjusted to reflectactual inventory at the takeover date.The second corporation is Ormiston Holdings Ltd, which owns the land and buildings, consisting of 142Morison Ave with 6,997 sq ft of retail space, valued at $2.2M and a warehouse at Unit 7-1147 Franklin's GullRd in the Parksville Industrial Park with approx. 1300 sq ft of storage space, valued at $250,000 and reflects acombined cap rate of 5.71 %
