Square Feet

About Unit 3

Last space left in the building with all new tenants the "Lease Rate IS only $9.00 per sqft." Wow, very affordable lease space in a . Affordable entry lease of $9 per sq ft per month plus triple net gives you 1392 sqft of space to run your own business. T.I. Incentives available for 5 year lease. Comes with parking space in rear of building with rear access for owners and access on 1st Ave for clients. All  in a rectangle shape with high ceilings and a unique old world feel. Nice window frontage on the Ocean side, with easy signage on the building. Great location for many styles of businesses.  Start up a new business or team up with business partners to utilize this affordable and secure location. The space is ready to go!
  • Base building
  • Est. Monthly Rent: $1,422
  • Size 1,392 SF
  • Frontage 50 ft
  • Type Retail (Street front)
  • Gross Rent $12.26/SF
  • Base Rent $9.00/SF
  • Additional Rent $3.26/SF
  • Lease Direct
  • Availability Now
  • Last Updated Jun 05, 2015
  • Verified On Nov 03, 2016
  • Source Engel & Voelkers Vancouver Island

About Ladysmith Corner

A comprehensive restoration has just been completed on this historic landmark building Inside and Out.Proven income stream with 5 residential tenants,3 new 5 year commercial leases anchored by the Ladysmith Chamber of Commerce and Active Solutions Health & Fitness new doctors practice and a new restaurant. Amazing panoramic ocean views, and directly across from the Credit Union Bank. The building structure has approx 12,500 sq ft on 3 floors where the main and lower levels accommodate commercial retail & office space with the top floor being residential. Nicely renovated drywall interior, sprinklers, large viewing decks, southern facing, good tenants with ample parking and free city parkade next door! Well maintained building with renovations comprising fire sprinklers, industrial 3 phase wiring, plumbing & roof,and complete brick structural front Facade. Showing a high Cap Rate on net income at asking price.
  • Dedicated parking
  • Heritage
  • Highway access
  • Loading
  • Transit friendly
  • Property Type Retail
  • Zoning C2
  • Status Existing
  • Total Available Space 0 SF
  • Direct Available Space 0 SF
  • Sublet Available Space 0 SF
  • Min Divisible 0 SF
  • Max Contiguous 0 SF
  • Building Size 12,500 SF
  • Year Built 1908
  • Year Renovated 2015
  • Managed By Coldwell Banker Commercial

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