Here is an excellent opportunity for a long term, cashflow investor. This 7,253 sq' building has been occupied by the Vancouver Island Health Authority since 1988 and has a new 5 year term starting in September 2026. At that point the property will produce a 5.5% cap at the asking price. The building and property are in excellent shape with many upgrades having been completed. A partial list includes, complete remodel of the interior, new paved parking area, heat pumps repaired or replaced (as needed), all lighting replaced with LED etc. This 41,580 sq' property represents one of the best investment opportunities in the increasingly popular Cowichan Region on Southern Vancouver Island (id:4069)
Address
3088 Gibbins Rd
List Price
$3,490,000
Property Type
Office
Type of Dwelling
Offices
Transaction Type
Sale
Area
British Columbia
Sub-Area
Duncan
Lot Size
0.95 Sq. Ft.
MLS® Number
1025353
Listing Brokerage
Royal LePage Duncan Realty
Postal Code
V9L1E8
Zoning
P-1
Features
Level lot, Other, Rectangular
