UNDER REVIEW

163 Alberni Highway South Parksville BC

Rare opportunity to invest in a secure investment and historic landmark on Vancouver Island.

100% Funded

Total:$1,900,000.00

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  • Return Timeline

    5 years
  • Price per share

    $1.00
  • Cap Rate

    6.06%

Highlights

  • Well located within the downtown retail and office commercial core area of the City of Parksville
  • Commercial investment property, approximately 10,866 SF of building area
  • Fully leased building with two tenants: Liquor Depot and historic Rod & Gun Pub
  • Ample parking for both the pub and liquor store patrons

You can review all of the due diligence done on the property within your account.


History of the building

Located on the Alberni Highway, the Rod and Gun is an officially recognized historic site established when Parksville had less than 100 official residences. The Rod and Gun has remained a cornerstone of the town since 1898. Today it offers the largest variety in the area in regards to food, drink and entertainment.

In 1895 John and Ann Hirst started building the Rod and Gun hotel. John sadly passed away before it's official completion and Ann operated it by herself for her entire life. The large fish sign on the roof has been retained for its historical significance and the Rod and Gun now sits on the aptly named "Hirst Avenue."

Upon opening its doors in 1898 the Rod and Gun offered services such as a hot meal and accommodation to local and visiting hunters and fishermen in the area. Hunters would often use the front porch to string up kills before retiring for a meal and a drink. Breakfast, dinner and a night stay were only $1.50!

"The Gun" as locals continue to call it, has evolved throughout the years, it has seen an expansion of the pub and hotel and an addition of a family dining room separate from the historic original pub. Many of the local residents have a very personal and special connection to the building and its history, some even say the old hotel area upstairs is haunted.

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* These projections are for illustrative purposes only, and do not guarantee any type of return.