Office for sale
3088 Gibbins Rd, Duncan
$3,490,000
Features
Lot Size
41,382 sqft
Gross Property Tax
$16,686.38 /year
Zoning
P-1
Amenities
Fencing: Partial, Security System, Sign: Allowed, Leasehold Improvements, Parking, Transit Nearby
Additional Features
Easy Access, Landscaped, Level, Rectangular Lot, Serviced
Description
Here is an excellent opportunity for a long term, cashflow investor. This 7,253 sq' building has been occupied by the Vancouver Island Health Authority since 1988 and has a new 5 year term starting in September 2026. At that point the property will produce a 5.5% cap at the asking price. The building and property are in excellent shape with many upgrades having been completed. A partial list includes, complete remodel of the interior, new paved parking area, heat pumps repaired or replaced (as needed), all lighting replaced with LED etc. This 41,580 sq' property represents one of the best investment opportunities in the increasingly popular Cowichan Region on Southern Vancouver Island
MLS® Number 1025353