313 McLeod Rd
Union Bay, British Columbia V0R3B0

FOR SALE: 313 McLeod Road, Union Bay. The property is in Union Bay, which is a 15-minute drive south from the city of Courtenay, and its population of 28,420. Union Bay itself is an idyllic coastal community, with a main commercial strip that fronts the ocean. The property comprises a 5,188 square foot office building occupied by First Credit Union, on a total of 2.38-acres of commercially zoned land, which has ocean views. First Credit Union plans to remain at the property on a sale leaseback basis and are flexible to how that arrangement would take shape (in terms of length of term; footprint of existing building; a new, or part of new, building being built, and then leased back to them, etc.). This provides a new owner with an existing income stream, and from a good quality, strong financial covenant, Tenant. The building is constructed in two parts; the original building was constructed in 1975, and the addition in 2012. And with how the original building and addition are constructed, there could be the option to demise the two parts into separate units. With a low building site coverage, there is ample excess land for future development, or subdivision. And with the current zoning being Commercial One (C-1), there are many possibilities on what that would look like, as the zoning allows for service establishment; retail and wholesale sale; office; tourist accommodation; restaurant; craft beverage processing; liquor licensed establishment; assembly use; institutional use; recreation facility; and mini-storage (28234645)