FOR SALE > OAK BAY RETAIL/RESIDENTIAL BUILDING
100% Occupied Estevan Village Investment 2509 ESTEVAN AVENUE, VICTORIA, BC
FOR SALE > OAK BAY RETAIL/RESIDENTIAL BUILDING
100% Occupied Estevan Village Investment 2509 ESTEVAN AVENUE, VICTORIA, BC
Location
Contact Us
Nestled in the municipality of Oak Bay, Estevan Village is a boutique retail area in an affluent and highly desirable residential neighbourhood. 2509 Estevan is prominently located at the high visibility corner of Estevan Avenue and Musgrave Street at the entrance to the village.
GRAHAM SMITH* +1 250 414 8390
[email protected] The subject building comprises a two storey wood frame building of approximately 3,078 square feet on an approximately 6,000 square foot lot. The building exterior is in keeping with the character and charm of the Oak Bay and Fairfield neighbourhoods.
TRISTAN SPARK +1 250 414 8391
[email protected] Tenancy The building is 100% occupied with a long term lease with Crumsby’s Cupcake Cafe at the front of the ground floor, a one bedroom residential apartment at the rear of the ground floor and a two bedroom apartment on the second floor. The Crumsby’s lease is fully net and provides for annual rent increases.
Zoning C-2 Commercial Use. This flexible zoning allows for a broad array of uses including restaurants, retail stores, service business, financial institution use and apartment use.
Environmental The owner commissioned a Phase 1 report by Wittich Environmental Services. The report, dated May 22, 2015, concludes “the site is considered a low environmental risk, with no further investigation deemed warranted.”
Site Size
6,000 square feet( BC Assessment data)
Building Gross Area Annual Net Income Cap Rate
3,078 square feet (approximately)
Legal Description
Lot 5, Block 6, Section 2
Assessment (2015) Property Taxes (2014) Price
$60,628.24
Colliers International 1175 Douglas Street, Suite 1110 Victoria, BC V8W 2E1 MAIN: +1 250 388 6454 FAX: +1 250 382 3564 www.collierscanada.com/victoria
4.0% (100% occupancy)
Victoria District, Plan 379 (P.I.D. 009-104-461) $1,276,000.00 $16,330.00 One Million, Five Hundred Thousand Dollars ($1,500,000.00)
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