±2,300 SF Turnkey Restaurant
ic r P
d e eR
u
d e c
247 MILTON STREET, NANAIMO, BC
±2,300 SF Turnkey Restaurant FOR SALE > DOWNTOWN NANAIMO COMMERCIAL SPACE
FOR SALE > DOWNTOWN NANAIMO COMMERCIAL SPACE
±2,300 SF Turnkey Restaurant 247 MILTON STREET, NANAIMO, BC
Contact Us BRAD BAILEY +1 250 740 1060 Ext. 1 [email protected] JASON WINTON +1 250 740 1060 Ext. 2 [email protected]
Colliers International 335 Wesley Street, Suite 105 Nanaimo, BC V9R 2T5 MAIN: +1 250 740 1060 FAX: +1 250 740 1067 www.collierscanada.com/nanaimo
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2014. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria).
FOR SALE > DOWNTOWN NANAIMO COMMERCIAL SPACE
±2,300 SF Turnkey Restaurant 247 MILTON STREET, NANAIMO, BC
Opportunity To acquire a ±2,307-square-foot converted residential building improved as a turnkey restaurant in the downtown/Old City Quarter area of Nanaimo. The building has been the site of a highly successful restaurant operation for the last seven years and is fully functional as-is. The property consists of a double city lot and features dedicated parking. The vendor completed significant building upgrades in late 2013.
Area Description The City of Nanaimo is a community of 92,360 residents (2006 Census) located on the east coast of Vancouver Island, approximately 110 km north of Victoria, the Capital of BC. It is part of the Nanaimo Regional District which has a total population of 138,631 (2006 Census) that is projected to increase to 192,117 by 2021. 247 Milton Street is located near the corner of Milton Street and Fitzwilliam Street near Nanaimo’s quaint Old City area, in an area of mixed uses predominantly consisting of single- and multi-family residential, as well as commercial properties, and in close proximity to downtown Nanaimo. The Old City Quarter is comprised of a mix of character homes and commercial buildings; many former residential homes have been converted to commercial uses ranging from professional offices, medical/dental clinics, and commercial retail uses. Only four blocks to Nanaimo’s waterfront, arts and culture district and downtown core, 247 Milton Street is close to all amenities and transit services, including major ground transportation routes, BC Ferry Terminals and downtown float plane terminals. The downtown core has seen tremendous growth and revitalization over the past few years highlighted by: the opening of the Port of Nanaimo Convention Centre in 2008, the completion of over 350 new residential units including the “Pacifica” and “Studios” developments, the recently completed redevelopment of Port Place Mall, and the imminent construction of a new 21-storey hotel.
Site Information The subject property comprises 0.23 acres or 10,065 square feet and is rectangular in shape and level. It features ±61 feet of frontage on Milton Street, and approximately 165 feet of depth. The property has very good exposure to Milton Street, and pedestrian and vehicle access are directly from Milton Street. The property possesses excellent parking with a dedicated rear lot featuring 12 stalls, and extensive free street parking. The site is fully serviced with water, sewer, hydro, telephone and natural gas.
Site Improvements
Zoning
The site features a renovated timber-framed converted residential building with a restaurant seating area, commercial kitchen, and two washrooms on the ground floor with a storage/office area on the second floor (formerly utilized as additional restaurant seating). The second floor area could be converted to a residential suite, if desired.
DT 10 - Old City Infill Business Commercial
The original building dates from the early 1900s and was converted to restaurant use in 1997. The rear, west corner of the property possesses a 325-square-foot ancillary building currently used as storage but serviced with water, power and heat. The rear yard accessed via metal gate features paved parking, the perimeter yard areas are attractively landscaped, and a rock-faced patio provides for outdoor seating on the south side of the building.
PID: 003-426-246
Improvements Main Floor: Second Floor:
Restaurant/Kitchen area Office/staff/storage Total:
1,598 SF 709 SF 2,307 SF
MAIN FLOOR >>
Dining area features three separated areas with hardwood floors, a central bar, two restaurant washrooms (male and female); staff washroom, and kitchen area in rear of main floor
>>
Wood frame partition walls with plaster and drywall finish, wood wainscoting in the dining areas
>>
Bar area features wood top with decorative metal facing
>>
Restaurant license allows for up to 44 persons
>>
Gas fireplace in main dining room
SECOND FLOOR >>
Mixture of rooms and open space for office/storage/staff area
The foundations of the building are poured concrete footings and perimeter walls. Building wiring, plumbing, windows, etc. were upgraded in 1997, with further improvements in 2007 and 2013. The roof is asphalt shingle. Electrical service is 200 amp. Heat is via forced air furnace; cooling via ductless system. Remaining economic life of the building is estimated at 35 years.
Permitted uses include: daycare, financial institution, office, restaurant, rooming house, single residential dwelling, personal service use, etc.
Legal Description The Southerly 61 feet of Lot 9, Block K, Section 1, Nanaimo District, Plan 584, except the Westerly 132 feet thereof
Taxes (2014) $7,711.24
Purchase Price Six hundred and forty-nine thousand Dollars Five hundred and sixty-five thousand Dollars ($649,000) ($565,000)
FOR SALE > DOWNTOWN NANAIMO COMMERCIAL SPACE
±2,300 SF Turnkey Restaurant 247 MILTON STREET, NANAIMO, BC
Opportunity To acquire a ±2,307-square-foot converted residential building improved as a turnkey restaurant in the downtown/Old City Quarter area of Nanaimo. The building has been the site of a highly successful restaurant operation for the last seven years and is fully functional as-is. The property consists of a double city lot and features dedicated parking. The vendor completed significant building upgrades in late 2013.
Area Description The City of Nanaimo is a community of 92,360 residents (2006 Census) located on the east coast of Vancouver Island, approximately 110 km north of Victoria, the Capital of BC. It is part of the Nanaimo Regional District which has a total population of 138,631 (2006 Census) that is projected to increase to 192,117 by 2021. 247 Milton Street is located near the corner of Milton Street and Fitzwilliam Street near Nanaimo’s quaint Old City area, in an area of mixed uses predominantly consisting of single- and multi-family residential, as well as commercial properties, and in close proximity to downtown Nanaimo. The Old City Quarter is comprised of a mix of character homes and commercial buildings; many former residential homes have been converted to commercial uses ranging from professional offices, medical/dental clinics, and commercial retail uses. Only four blocks to Nanaimo’s waterfront, arts and culture district and downtown core, 247 Milton Street is close to all amenities and transit services, including major ground transportation routes, BC Ferry Terminals and downtown float plane terminals. The downtown core has seen tremendous growth and revitalization over the past few years highlighted by: the opening of the Port of Nanaimo Convention Centre in 2008, the completion of over 350 new residential units including the “Pacifica” and “Studios” developments, the recently completed redevelopment of Port Place Mall, and the imminent construction of a new 21-storey hotel.
Site Information The subject property comprises 0.23 acres or 10,065 square feet and is rectangular in shape and level. It features ±61 feet of frontage on Milton Street, and approximately 165 feet of depth. The property has very good exposure to Milton Street, and pedestrian and vehicle access are directly from Milton Street. The property possesses excellent parking with a dedicated rear lot featuring 12 stalls, and extensive free street parking. The site is fully serviced with water, sewer, hydro, telephone and natural gas.
Site Improvements
Zoning
The site features a renovated timber-framed converted residential building with a restaurant seating area, commercial kitchen, and two washrooms on the ground floor with a storage/office area on the second floor (formerly utilized as additional restaurant seating). The second floor area could be converted to a residential suite, if desired.
DT 10 - Old City Infill Business Commercial
The original building dates from the early 1900s and was converted to restaurant use in 1997. The rear, west corner of the property possesses a 325-square-foot ancillary building currently used as storage but serviced with water, power and heat. The rear yard accessed via metal gate features paved parking, the perimeter yard areas are attractively landscaped, and a rock-faced patio provides for outdoor seating on the south side of the building.
PID: 003-426-246
Improvements Main Floor: Second Floor:
Restaurant/Kitchen area Office/staff/storage Total:
1,598 SF 709 SF 2,307 SF
MAIN FLOOR >>
Dining area features three separated areas with hardwood floors, a central bar, two restaurant washrooms (male and female); staff washroom, and kitchen area in rear of main floor
>>
Wood frame partition walls with plaster and drywall finish, wood wainscoting in the dining areas
>>
Bar area features wood top with decorative metal facing
>>
Restaurant license allows for up to 44 persons
>>
Gas fireplace in main dining room
SECOND FLOOR >>
Mixture of rooms and open space for office/storage/staff area
The foundations of the building are poured concrete footings and perimeter walls. Building wiring, plumbing, windows, etc. were upgraded in 1997, with further improvements in 2007 and 2013. The roof is asphalt shingle. Electrical service is 200 amp. Heat is via forced air furnace; cooling via ductless system. Remaining economic life of the building is estimated at 35 years.
Permitted uses include: daycare, financial institution, office, restaurant, rooming house, single residential dwelling, personal service use, etc.
Legal Description The Southerly 61 feet of Lot 9, Block K, Section 1, Nanaimo District, Plan 584, except the Westerly 132 feet thereof
Taxes (2014) $7,711.24
Purchase Price Six hundred and forty-nine thousand Dollars Five hundred and sixty-five thousand Dollars ($649,000) ($565,000)
Pr
ice
d Re
uc
ed
247 MILTON STREET, NANAIMO, BC
±2,300 SF Turnkey Restaurant FOR SALE > DOWNTOWN NANAIMO COMMERCIAL SPACE
FOR SALE > DOWNTOWN NANAIMO COMMERCIAL SPACE
±2,300 SF Turnkey Restaurant 247 MILTON STREET, NANAIMO, BC
Contact Us BRAD BAILEY +1 250 740 1060 Ext. 1 [email protected] JASON WINTON +1 250 740 1060 Ext. 2 [email protected]
Colliers International 335 Wesley Street, Suite 105 Nanaimo, BC V9R 2T5 MAIN: +1 250 740 1060 FAX: +1 250 740 1067 www.collierscanada.com/nanaimo
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2014. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria).
d e eR
u
d e c
247 MILTON STREET, NANAIMO, BC
±2,300 SF Turnkey Restaurant FOR SALE > DOWNTOWN NANAIMO COMMERCIAL SPACE
FOR SALE > DOWNTOWN NANAIMO COMMERCIAL SPACE
±2,300 SF Turnkey Restaurant 247 MILTON STREET, NANAIMO, BC
Contact Us BRAD BAILEY +1 250 740 1060 Ext. 1 [email protected] JASON WINTON +1 250 740 1060 Ext. 2 [email protected]
Colliers International 335 Wesley Street, Suite 105 Nanaimo, BC V9R 2T5 MAIN: +1 250 740 1060 FAX: +1 250 740 1067 www.collierscanada.com/nanaimo
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2014. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria).
FOR SALE > DOWNTOWN NANAIMO COMMERCIAL SPACE
±2,300 SF Turnkey Restaurant 247 MILTON STREET, NANAIMO, BC
Opportunity To acquire a ±2,307-square-foot converted residential building improved as a turnkey restaurant in the downtown/Old City Quarter area of Nanaimo. The building has been the site of a highly successful restaurant operation for the last seven years and is fully functional as-is. The property consists of a double city lot and features dedicated parking. The vendor completed significant building upgrades in late 2013.
Area Description The City of Nanaimo is a community of 92,360 residents (2006 Census) located on the east coast of Vancouver Island, approximately 110 km north of Victoria, the Capital of BC. It is part of the Nanaimo Regional District which has a total population of 138,631 (2006 Census) that is projected to increase to 192,117 by 2021. 247 Milton Street is located near the corner of Milton Street and Fitzwilliam Street near Nanaimo’s quaint Old City area, in an area of mixed uses predominantly consisting of single- and multi-family residential, as well as commercial properties, and in close proximity to downtown Nanaimo. The Old City Quarter is comprised of a mix of character homes and commercial buildings; many former residential homes have been converted to commercial uses ranging from professional offices, medical/dental clinics, and commercial retail uses. Only four blocks to Nanaimo’s waterfront, arts and culture district and downtown core, 247 Milton Street is close to all amenities and transit services, including major ground transportation routes, BC Ferry Terminals and downtown float plane terminals. The downtown core has seen tremendous growth and revitalization over the past few years highlighted by: the opening of the Port of Nanaimo Convention Centre in 2008, the completion of over 350 new residential units including the “Pacifica” and “Studios” developments, the recently completed redevelopment of Port Place Mall, and the imminent construction of a new 21-storey hotel.
Site Information The subject property comprises 0.23 acres or 10,065 square feet and is rectangular in shape and level. It features ±61 feet of frontage on Milton Street, and approximately 165 feet of depth. The property has very good exposure to Milton Street, and pedestrian and vehicle access are directly from Milton Street. The property possesses excellent parking with a dedicated rear lot featuring 12 stalls, and extensive free street parking. The site is fully serviced with water, sewer, hydro, telephone and natural gas.
Site Improvements
Zoning
The site features a renovated timber-framed converted residential building with a restaurant seating area, commercial kitchen, and two washrooms on the ground floor with a storage/office area on the second floor (formerly utilized as additional restaurant seating). The second floor area could be converted to a residential suite, if desired.
DT 10 - Old City Infill Business Commercial
The original building dates from the early 1900s and was converted to restaurant use in 1997. The rear, west corner of the property possesses a 325-square-foot ancillary building currently used as storage but serviced with water, power and heat. The rear yard accessed via metal gate features paved parking, the perimeter yard areas are attractively landscaped, and a rock-faced patio provides for outdoor seating on the south side of the building.
PID: 003-426-246
Improvements Main Floor: Second Floor:
Restaurant/Kitchen area Office/staff/storage Total:
1,598 SF 709 SF 2,307 SF
MAIN FLOOR >>
Dining area features three separated areas with hardwood floors, a central bar, two restaurant washrooms (male and female); staff washroom, and kitchen area in rear of main floor
>>
Wood frame partition walls with plaster and drywall finish, wood wainscoting in the dining areas
>>
Bar area features wood top with decorative metal facing
>>
Restaurant license allows for up to 44 persons
>>
Gas fireplace in main dining room
SECOND FLOOR >>
Mixture of rooms and open space for office/storage/staff area
The foundations of the building are poured concrete footings and perimeter walls. Building wiring, plumbing, windows, etc. were upgraded in 1997, with further improvements in 2007 and 2013. The roof is asphalt shingle. Electrical service is 200 amp. Heat is via forced air furnace; cooling via ductless system. Remaining economic life of the building is estimated at 35 years.
Permitted uses include: daycare, financial institution, office, restaurant, rooming house, single residential dwelling, personal service use, etc.
Legal Description The Southerly 61 feet of Lot 9, Block K, Section 1, Nanaimo District, Plan 584, except the Westerly 132 feet thereof
Taxes (2014) $7,711.24
Purchase Price Six hundred and forty-nine thousand Dollars Five hundred and sixty-five thousand Dollars ($649,000) ($565,000)
FOR SALE > DOWNTOWN NANAIMO COMMERCIAL SPACE
±2,300 SF Turnkey Restaurant 247 MILTON STREET, NANAIMO, BC
Opportunity To acquire a ±2,307-square-foot converted residential building improved as a turnkey restaurant in the downtown/Old City Quarter area of Nanaimo. The building has been the site of a highly successful restaurant operation for the last seven years and is fully functional as-is. The property consists of a double city lot and features dedicated parking. The vendor completed significant building upgrades in late 2013.
Area Description The City of Nanaimo is a community of 92,360 residents (2006 Census) located on the east coast of Vancouver Island, approximately 110 km north of Victoria, the Capital of BC. It is part of the Nanaimo Regional District which has a total population of 138,631 (2006 Census) that is projected to increase to 192,117 by 2021. 247 Milton Street is located near the corner of Milton Street and Fitzwilliam Street near Nanaimo’s quaint Old City area, in an area of mixed uses predominantly consisting of single- and multi-family residential, as well as commercial properties, and in close proximity to downtown Nanaimo. The Old City Quarter is comprised of a mix of character homes and commercial buildings; many former residential homes have been converted to commercial uses ranging from professional offices, medical/dental clinics, and commercial retail uses. Only four blocks to Nanaimo’s waterfront, arts and culture district and downtown core, 247 Milton Street is close to all amenities and transit services, including major ground transportation routes, BC Ferry Terminals and downtown float plane terminals. The downtown core has seen tremendous growth and revitalization over the past few years highlighted by: the opening of the Port of Nanaimo Convention Centre in 2008, the completion of over 350 new residential units including the “Pacifica” and “Studios” developments, the recently completed redevelopment of Port Place Mall, and the imminent construction of a new 21-storey hotel.
Site Information The subject property comprises 0.23 acres or 10,065 square feet and is rectangular in shape and level. It features ±61 feet of frontage on Milton Street, and approximately 165 feet of depth. The property has very good exposure to Milton Street, and pedestrian and vehicle access are directly from Milton Street. The property possesses excellent parking with a dedicated rear lot featuring 12 stalls, and extensive free street parking. The site is fully serviced with water, sewer, hydro, telephone and natural gas.
Site Improvements
Zoning
The site features a renovated timber-framed converted residential building with a restaurant seating area, commercial kitchen, and two washrooms on the ground floor with a storage/office area on the second floor (formerly utilized as additional restaurant seating). The second floor area could be converted to a residential suite, if desired.
DT 10 - Old City Infill Business Commercial
The original building dates from the early 1900s and was converted to restaurant use in 1997. The rear, west corner of the property possesses a 325-square-foot ancillary building currently used as storage but serviced with water, power and heat. The rear yard accessed via metal gate features paved parking, the perimeter yard areas are attractively landscaped, and a rock-faced patio provides for outdoor seating on the south side of the building.
PID: 003-426-246
Improvements Main Floor: Second Floor:
Restaurant/Kitchen area Office/staff/storage Total:
1,598 SF 709 SF 2,307 SF
MAIN FLOOR >>
Dining area features three separated areas with hardwood floors, a central bar, two restaurant washrooms (male and female); staff washroom, and kitchen area in rear of main floor
>>
Wood frame partition walls with plaster and drywall finish, wood wainscoting in the dining areas
>>
Bar area features wood top with decorative metal facing
>>
Restaurant license allows for up to 44 persons
>>
Gas fireplace in main dining room
SECOND FLOOR >>
Mixture of rooms and open space for office/storage/staff area
The foundations of the building are poured concrete footings and perimeter walls. Building wiring, plumbing, windows, etc. were upgraded in 1997, with further improvements in 2007 and 2013. The roof is asphalt shingle. Electrical service is 200 amp. Heat is via forced air furnace; cooling via ductless system. Remaining economic life of the building is estimated at 35 years.
Permitted uses include: daycare, financial institution, office, restaurant, rooming house, single residential dwelling, personal service use, etc.
Legal Description The Southerly 61 feet of Lot 9, Block K, Section 1, Nanaimo District, Plan 584, except the Westerly 132 feet thereof
Taxes (2014) $7,711.24
Purchase Price Six hundred and forty-nine thousand Dollars Five hundred and sixty-five thousand Dollars ($649,000) ($565,000)
Pr
ice
d Re
uc
ed
247 MILTON STREET, NANAIMO, BC
±2,300 SF Turnkey Restaurant FOR SALE > DOWNTOWN NANAIMO COMMERCIAL SPACE
FOR SALE > DOWNTOWN NANAIMO COMMERCIAL SPACE
±2,300 SF Turnkey Restaurant 247 MILTON STREET, NANAIMO, BC
Contact Us BRAD BAILEY +1 250 740 1060 Ext. 1 [email protected] JASON WINTON +1 250 740 1060 Ext. 2 [email protected]
Colliers International 335 Wesley Street, Suite 105 Nanaimo, BC V9R 2T5 MAIN: +1 250 740 1060 FAX: +1 250 740 1067 www.collierscanada.com/nanaimo
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2014. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria).
