$7,950,000

Investment For Sale In Chase River/ Duke Point / South End, Nanaimo, British Columbia

$7,950,000

Property Information:

Attention Industrial Users & Developers: For sale is 5.91 Acre Industrial Zoned Development Site in Nanaimo with Development Permit application submitted for a 180,000 square foot development, situated in an industrial market with a sub 1% vacancy rate. Located on the east side of Old Victoria Road, 1,200 meters north of the fully controlled intersection of Trans-Canada Highway and Old Victoria Road. The property is 10 minutes away from both the Departure Bay and Duke Point ferry terminals as well as the Port of Nanaimo. The site will be provided with a clean environmental, in addition to all other completed studies including: Archeology, Onsite/Offsite Costing, Sub Surface Investigations, Geotechnical and the full Development Permit package. While the DP as proposed may not line up with the vision of all buyers, it demonstrates that all of the development work has been done, leaving a clear path for a buyer to pursue their own vision.

Property Features:

  • Annual Tax Amount: $39,759
  • Lot Features: Acreage, Central Location, Cleared, Easy Access
  • Lot Frontage: 257439.6 Square Feet
  • Lot Size: 5.91 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Industrial
  • Road Surface Type: Paved
  • Water Source: Municipal
  • Zoning: I-2
  • Sewer: Sewer Available

Courtesy of: Colliers International (Nan), Colliers

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