Business for sale

5422-5430 W 16 Highway, Terrace - City, Terrace

$2,900,000 or
$2,900,000 or

Business for sale

5422-5430 W 16 Highway, Terrace - City, Terrace

Features

Lifestyle
224942413 2900000 /en/business~for-sale~terrace-city-terrace/224942413?view=Summary /en/business~for-sale~terrace-city-terrace/224942413/photos 54.5188600000 -128.6419200000 true
Year Built
Old Timer
Lot Size
48,238 sqft
Gross Property Tax
$35,540.54 /year
Building Type
Freestanding, Low Rise (2-4 storeys)
Building / Complex Name
Mumfords Beerhouse/Evergreen
Zoning
C3
# of Parking Spaces
50+
Major Business Type
Accommodation Travel & Tourism
Minor Business Type
Hotel/Motel
Business Name "doing business as"
Mumford's Beerhouse/Evergreen

Description

Build your dreams and live as well as work in the most peaceful part of British Columbia with this turn-key operation. Mumford's motel, Beer/Wine bar and restaurant with 160 persons capacity, is the popular place for businesses to wine, dine, and rest. This Motel has an excellent revenue with regular long-term contracts in place. Too many recent upgrades and investments done on these TWO properties. 19 full kitchenette suites, 1 staff apartment with 3 beds 2 baths. 1 staff member would like to stay. The primary liquor license is transferrable and included in the price! GOOD Cap Rate. This is a great investment opportunity in this fastest growing region due to Global Oil and LNG demand. Act fast!!!
MLS® Number C8037344

Listing REALTOR®

Balraj Basi, REALTOR<sup>®</sup>

Balraj Basi

REALTOR®

Nationwide Realty Corp.

Nationwide Realty Corp.,

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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