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Gross monthly lease rate is $2,100.00; Sale price is $539,000.00. Opportunity to purchase or lease a strata unit in Rutherford Ridge, a mixed-use development constructed in 2010/2011 located along Rutherford Road in North Nanaimo. The lease offering comprises one 982 SF ground floor commercial space; the sale offering also includes a 681 SF upper 1 bed-1 bath residential suite for a total of 1,663 SF. The current commercial tenant will be vacating on March 31st, 2016. The existing residential tenant is on a 1 year lease and is willing to stay.
Ideally located along Rutherford Road in North Nanaimo, this relatively new mixed-use development offers a professional atmosphere for medical/dental office tenants, a busy environment and desirable demographics for retail uses. Rutherford Ridge offers convenience, an excellent tenant mix, and is located on a heavy traffic corridor connecting the Island Highway to the affluent North Nanaimo residential area.