Sold

1980 Schoolhouse Road, Nanaimo Bc

$15,500,000

Sold

1980 Schoolhouse Road, Nanaimo Bc

$15,500,000 |

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Excellent Cashflow Opportunity

Listing Agents: Logan Wilson Personal Real Estate Corporation, Shane Wilson

Phone: 250.857.0609, 778.585.5010

Email: lwilson@sothebysrealty.ca, swilson@sothebysrealty.ca

Situated south of Nanaimo on the Trans Canada Highway, Vancouver Island Self-Storage is an excellent cashflow opportunity with initial building phase complete, currently generating revenue with huge additional potential.

Only half of the usable land has been developed, leaving several acres for future expansion or for commercial or industrial tenants (prospects already in line). The self-storage facility is designed to maximize profits and reduce costs, with a full fire suppression system, and no unnecessary indoor hallways, maximizing space with a unit mix that caters to home movers and families that live in condos.

Both small and large clientele will also be able to take advantage of indoor and outdoor options. Current capacity is 186 indoor units with 24hr smart phone access, heating/security and high ceilings. Outdoor rental space layout and quantity is variable to maximize profit and match seasonal demand.

This is an investment that allows one to profit on autopilot.

AREA OF NANAIMO
Located 111 km north of Victoria, roughly halfway on the east coast of Vancouver Island. It is a modern urban center and is 2nd largest at 91,400 residents. It lies in the shadow of Mt Benson, has 1800 hrs of sunshine per year and has the largest estuary on Vancouver Island.

LIFESTYLE AND RECREATION IN NANAIMO
Nanaimo experiences a temperate climate with mild, rainy winters and cool dry summers, as a oceanic Mediterranean zone. The average summer temperate is 21 degrees Celsius. Nanaimo has all types of recreation opportunities, both indoor and outdoor, everything from climbing to cards to golfing to scuba diving. There are no limits.

AMENITIES / TRANSPORTATION
Nanaimo is known as “The Harbour City”. BC ferries operates out of Nanaimo as well as a harbour airport, land based airport, bus services, city ferries and several highways to access the remainder of the island.

HISTORY
The Snuneymuxw 1st nation has occupied the area for at least 5000 years. The Spanish were the first Europeans to land in the area in 1791. Nanaimo began as a trading post in the early 19th century. Coal was discovered in 1849 and the Nanaimo coal industry was born. The city was incorporated in 1874 . In the 1940s, forestry took hold and took over from coal as the major resource industry.

REAL ESTATE
Nanaimo has a wide range of housing both in type and years of builds. 61% of houses are single family housing. 17% are condo walk ups, 8% are duplexes, 5% are semi-detached housing, 4% is row housing, 3% are high rise apartment complexes and 3% are moveable dwellings. 73% are owner occupied and the remaining 27% are rentals.

SCHOOLS
All schools fall under the administration of district 68.