Tavelodge in Vancouver Island

 

Property Type Motels
Status New Featured Sold
Business Name Travelodge
Province BC
Price $6,980,000
Taxes 53926
Sales / Y 1300000
Bedrooms 84
Lot Size 2.6 Acre
Storeys 3
Parking 84

Address : Vancouver Island, BC

Lot Size : 2.6 Acre / 114,400 Sqft

Zoning : Commercial

Type of ownership : Strata (Each 84 units are stratafied)

Property Tax : $53,926(2016)

Appraisal Value in 2007 : $5,860,000

Construction : Wood Frame / Built in 1992

Sewer : Municipal

Water : Municipal

Heating : Electric

Unit : 84 units

Parking : 80+ cars

Sign : Owned

Located along the main highway

Very good condition with $400,000 recent renovation

(Replacement of carpets, Gardening, Dryer & Washer

machines..)

Continuous revenue increase

Could be converted into Silver home

Web Sites : www.travelodgeparksville.com

 Annual Sales : $1,300,000+ Projected (2017)

 Stablized Net Income : $560,000+(2016)

- Special Features

    * Low Repair & Maintenance cost

     Excellent building condition

    * Low property Tax

    * Spacious lot for parking and other purposes

    * Potential Apt or Townhouse site of 2.6 Acres

    * 84 Stratafied units (Could be sold separately)

    * Conversion potential to senior homes or multi-family

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