Investment Opportunity with Rent Escalation! Income-Producing Commercial Space for sale in the Reflections Building on Veterans Memorial Pkwy! This prime commercial space in Langford's vibrant Mill Hill District offers a stable investment opportunity with a 5-year lease in place. Benefit from consistent rental income and long-term growth potential. This ground-floor unit provides 1573 sqft of commercial strata area plus a mezzanine area of 600 sf. Key Features: Proven Tenant; Stable Income; Prime Location; Modern Design & Low-Maintenance Investment! It's a big "NO-NO" to approach the restaurant staff and owner regarding the sale of the business. They are thriving and staying!
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building
Year built:
2008
(Age: 17)
Lease Type:
See Remarks
Listing General Location:
La Mill Hill, Langford
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
0 sq. ft.0 m2
Taxes:
$9,539.98 /
2023
Building Name:
Reflections
Number of Storeys:
8
Total Building Area:
1,573 sq. ft.146 m2
Commercial Area:
Western Communities
Fireplace:
No
Pending Date:
Feb 10, 2025
Date Sold:
Apr 02, 2025
Main Level
Assessed:
945000.0
Assessment year:
2024
Association Fee Frequency:
Monthly
Jurisdiction name:
City of Langford
Legal Description:
STRATA LOT 12, PLAN VIS6662, SECTION 72, ESQUIMALT LAND DISTRICT, TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM V