Description

INVESTORS A 'GOOD' INVESTMENT WITH A 4 % CAP RATE! 2025 *lease increase in 5 year increments by 10%. Building Rebuilt in 2000 now home to three good tenants-Teriyaki House, Convenience Store and Sushi Restaurant. Always busy with customers and students and sports fans. Located 38 km west of Victoria. Sooke's popularity as a scenic tourist destination increase summer revenues. Built up over the years, this vibrant community is one of the fastest growing in British Columbia with a unique blend of families and international migrants that now call Sooke their home. Building is located at one of the main intersections into and out of the town. Traffic is constant with the Edward Milne Community School and Fred Milne Sports Park beside property. Well used walking corridor. Entrance to Sooke Potholes Provincial Park is a popular destination along the Sooke River. Sooke is a seaside community with forward thinking planners looking to the future residents and what will be needed. Future wastewater master plan for area. C1 Zoning allows 4 story building.