Building with Supplemental Income
FOR SALE > OWNER/OCCUPIER OPPORTUNITY
Building with Supplemental Income 7174 WEST SAANICH ROAD, BRENTWOOD BAY, BC
FOR SALE > 7174 West Saanich Road, Brentwood Bay, BC
Opportunity The opportunity exists to acquire and occupy an award-winning building on Brentwood Bay’s most prominent thoroughfare, West Saanich Road. Built in 2004, the building was built to a high quality with superior finishings throughout. The building comprises ±1,995 square feet of ground floor office/retail space and benefits from two occupied residential rental units above providing supplemental income. The ground floor space is currently occupied by an interior design company which will be vacating upon the completion of the sale. The offering would best suit an owner/occupier for all or a portion of the ground floor as the lower level can be demised into two distinct units. The vendor will also consider a short term lease-back of all or a portion of the ground floor.
Location The subject property is located in the heart of Brentwood Bay on the Saanich Peninsula with unmatched exposure to West Saanich Road.
Site Description The site, which totals ±7,202 square feet (according to BC Assessment Authority records) and slopes marginally from east to west, is rectangular in shape with 60 feet of frontage to West Saanich Road. The site benefits from a full array of municipal services and has seven (7) on-site parking stalls.
Building Description The ground floor has the ability to be demised into two separate units of ±565 and ±1,430 square feet. The two residential suites are each comprised of one bedroom plus a den with a balcony. Main Floor : ±1,995 Upper Floor: ±1,,559
Total: ±3,554
Zoning C-1 (Core Commercial) permitting a variety of uses including, but not limited to, banks, business offices, medical/dental offices, professional services and retail services.
Property Taxes (2015) $11,231
Supplemental Income The two residential units are presently rented out on a year lease at $995 each for a total annual gross revenue of $23,880.00
Price One Million , One Hundred and Fifty Thousand Dollars ($1,150,000)
Contact Us
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SA A
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MICHAEL MILLER +1 250 414 8399 [email protected] MARC FOUCHER +1 250 414 8392 [email protected]
VERDIER AVENUE 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
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. 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).
CLARKE ROAD
Building with Supplemental Income 7174 WEST SAANICH ROAD, BRENTWOOD BAY, BC
FOR SALE > 7174 West Saanich Road, Brentwood Bay, BC
Opportunity The opportunity exists to acquire and occupy an award-winning building on Brentwood Bay’s most prominent thoroughfare, West Saanich Road. Built in 2004, the building was built to a high quality with superior finishings throughout. The building comprises ±1,995 square feet of ground floor office/retail space and benefits from two occupied residential rental units above providing supplemental income. The ground floor space is currently occupied by an interior design company which will be vacating upon the completion of the sale. The offering would best suit an owner/occupier for all or a portion of the ground floor as the lower level can be demised into two distinct units. The vendor will also consider a short term lease-back of all or a portion of the ground floor.
Location The subject property is located in the heart of Brentwood Bay on the Saanich Peninsula with unmatched exposure to West Saanich Road.
Site Description The site, which totals ±7,202 square feet (according to BC Assessment Authority records) and slopes marginally from east to west, is rectangular in shape with 60 feet of frontage to West Saanich Road. The site benefits from a full array of municipal services and has seven (7) on-site parking stalls.
Building Description The ground floor has the ability to be demised into two separate units of ±565 and ±1,430 square feet. The two residential suites are each comprised of one bedroom plus a den with a balcony. Main Floor : ±1,995 Upper Floor: ±1,,559
Total: ±3,554
Zoning C-1 (Core Commercial) permitting a variety of uses including, but not limited to, banks, business offices, medical/dental offices, professional services and retail services.
Property Taxes (2015) $11,231
Supplemental Income The two residential units are presently rented out on a year lease at $995 each for a total annual gross revenue of $23,880.00
Price One Million , One Hundred and Fifty Thousand Dollars ($1,150,000)
Contact Us
W
ES T
SA A
NI
CH
RO AD
MICHAEL MILLER +1 250 414 8399 [email protected] MARC FOUCHER +1 250 414 8392 [email protected]
VERDIER AVENUE 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
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. 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).
CLARKE ROAD
