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Thirty Unit Motel In Beautiful Nelson For Sale

Nelson, British Columbia, Canada
Asking Price:
$2,999,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$500K - $1M (CAD)
Cash Flow:
$250K - $500K (CAD)

Being offered is the North Shore Inn in the picturesque city of Nelson, BC. Located just over the famous Nelson bridge on the North Shore.
This 3-story motel consist of 30 units, all of the units’ face towards the lake and 28 of them have balconies.

The motel had a major renovation in late 2018, including the lobby, laundry, hot water tanks, flooring in hallways and rooms, furniture, beds, tvs, linens, and more! It shows very well and is popular with guests!

Currently the rooms are leased to BC Housing for housing during Covid 19, the term is for 15 months, the lease commenced on April 8, 2020.

This motel is ideal for owner operator or potentially an owner that would prefer to use a manager.

There is a ground level 3-bedroom, 2 bathroom living area for an owner or manager.

The motel has a meeting room that isn’t currently used that would make a great continental breakfast room if an owner was inclined to add one.

Nelson is a beautiful lake side community in British Columbia’s West Kootenay region. The town has many historic buildings, interesting stores and restaurants. Attractions like hot springs, skiing, golfing, fishing, swimming, history and scenery are all nearby! Visitors come from near and far to enjoy what Nelson and the West Kootenay area has to offer!

If you are considering a solid motel business in a splendid area of B.C. please add this to your list.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

3 Bedroom - 2 Bathroom

Location:

Nelson, BC

Size in square feet:
0.83 Acres

Contact Syber Realty

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