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Newly renovated 24 room Castaway Motel in the heart of Nanaimo on busy main street. Full occupancy almost everyday! Just 2 blocks to the waterfront and close to downtown, ferry, shopping and restaurants. New roof, patios, windows, furniture, carpet and much more. There are 11 kitchenettes and 2 bedroom manager's suite. Manager in place. Currently all occupied by out of town workers paying monthly rates, easy to operate and turn key. Low overhead. An aggressive operator can turn it into a cash cow. Absentee owner motivated to sell, easy to show. Asking $3,225,000.
Real Property Included
Large 2 bedroom manager suite attached to lobby.
Prime location on Terminal Avenue, minutes from ferry, shopping, downtown, and ocean front.
Newly renovated (2018) inside and out. New exterior railings, painting, windows, patio, and roof. New interior flooring, fixtures, and furniture.
Absentee, owner relocated elsewhere.
7 days a week
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