Large light industrial zoned property in a highly desirable area of Esquimalt (with a portion of the property in Vic West) just minutes from downtown Victoria with convenient access to major transportation routes in and around the City. With just 35% site coverage, the property has significant development potential (approx. 20,000 SF in excess land) while providing the owner with an existing strong and stable rental income. The property is anchored by Monk Office Supply ('Monk') who are an owner occupier. Monk will do a Seller lease back providing the Buyer with a strong cap rate / yield on the purchase. Alternatively, Monk can provide vacant possession of the Monk occupied space with reasonable notice. Further details are available upon executing the Non Disclosure Agreement found in the Supplements. (id:47421)
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Detailed Information
Listing Contract Date
2025-01-13
Municipal ID
001-510-126
Ownership Type
Freehold
Plan
VIP19847
Property Type
Industrial
Transaction Type
For sale
Zoning Description
Light Industrial
Zoning
Unknown
Building
Size (Exterior)
27741 square feet
Land
Total Size
1.64 acres
Acreage
Yes
Size of Irregular Land
1.64
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