1028 Hillside Ave, Victoria, BC V8T 2A3

$7,900,000
List Price
$7,900,000
Status
CURRENT
MLS® #
421073
Property Type
Commercial
Title
Freehold
Acres
0.4
Lot Size
17,593
District
Victoria
Neighbourhood
Vi Central Park

Property Description

5th Street Restaurant & Neighborhood Pub (business and real estate) located in Quadra Village area for sale. Liquor Primary License for 100 seats plus 20 patio seats for restaurant, and 65 seats plus 30 patio seats for pub. The building plus enclosed patio is +/-8,574 SF on a +/-17,593 SF site with approx. 32 on-site parking stalls. Steady revenue growth over the years from one of Victoria's most established restaurant/neighborhood pubs. Potential long term redevelopment opportunity. Return from operations of +/-10.50% based on 2019 actual stabilized net income!

Additional Information

Taxes
$42,406

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Courtesy of Colliers Macaulay Nicolls

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