The Exchange Building - Colliers Canada
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1210-1216 BROAD STREET; 614-620 TROUNCE ALLEY, VICTORIA, BC
The Exchange Building FOR SALE >
Contact: GAIL REANEY +1 250 414 8387 [email protected]
GOVERNME
NT STREET WJ Wilson Azuma sushi
T STRE E
BROAD ST
REET
VIEW
DOUGLAS
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
STREET
JOHNSO
YATES S TR
FORT STRE ET
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N STRE ET
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). © 2015. 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 > 1210-1216 Broad Street; 614-620 Trounce Alley Victoria, BC
Opportunity This offering represents the opportunity to acquire one of Victoria’s more ornate heritage designated buildings on Broad Street, known as the Exchange Building.
Location The Exchange Building is well positioned on the corner of Broad Street and Trounce Alley a tourist attraction with its hanging baskets shops and restaurants. Trounce Alley is privately owned by the four property owners that border the Alley and was opened in 1858 to allow access to Government Street. Notable neighbours in the immediate vicinity include Carriero The Studio, West End Gallery, Roots, Monks Office Supply, Serious Coffee, Azuma Restaurant, WJ Wilson, Starbucks and the Bay Centre just steps away.
Improvements Built around 1890 for Alfred Alexander Green, a partner in the largest private banking house in the Province, the Exchange Building has a distinctive Italianate cornice with a tower at the southeast corner of the building which lends interest to the structure. The building totalling 10,364 SF, is two stories with main floor retail and second floor offices, and constructed of heavy brick with mostly wood frame floor over a crawl space and heavy timber second floor and roof. There is a four foot attic, which runs the front two thirds of the building. The building was seismically upgraded in the late summer of 2010 at which time a new roof was installed including insulating the roof to R4O and completely reworking the roof drainage. The exterior of the building was painted at this time. The main retail floor enjoys large display windows and the upper floors have large double hung wood framed opening windows. The building is heated by thermostatically controlled electric baseboard heaters, with the exception of the corner office which is serviced with a roof mounted HVAC unit. Recent upgrades were carried out late 2013/14 to the two retail units in Trounce Alley and a major upgrade and renovation was completed on the corner unit to house the new Bodega Wine Bar. In 2014 the owners participated in a major decorative lighting program for Trounce Alley.
Legal Description Lot 166A, Victoria City. PID: 004-543-254
Site The Site is rectangular in shape with frontage of +/- 66’ on Broad Street and +/-108.6’ along Trounce Alley for a total area of +/-7168 square feet, the building fully covers the site.
Tenancy Long-time Tenants include The Vitamin Shop and Tapas Bar and Restaurant. The newest Tenant Bodega Wine Bar is a second business in The Exchange Building and is owned and operated by the owner of the well-established Tapas Bar which opened in 1998. Bodega Bar, designed by Sandy Nygaard, is a mix of rustic and industrial with wrought iron and wood elements, modern and simple with soft textures and romantic lighting. Both Tapas and Bodega have a large following and being located just next door to each other in the quaint historic Trounce Alley makes it an easy job to look after both locations and maintain the high level of service for its customers. The Vitamin Shop opened in the Exchange Building in 1984. Owner operator Bruce Reid and his staff celebrated its 30th Anniversary July 2014. The Vitamin Shop is a downtown Victoria fixture and is one of the most successful well known Vitamin shops not only in Victoria but all of Canada. With the same ownership since 1984 the business has grown its retail business as well as its very successful mail order business in this excellent central downtown location. The remaining two units are occupied by Domani Fashion, a beautiful women’s boutique featuring Italian fashion, and Delice de France featuring charming French decorative pieces for your home and delicacies imported directly from France.
Zoning CA-3C - Old Town District: the zoning provides for a wide variety of uses including retail, office, financial, restaurant, residential etc.
Projected Net Income $246,088.00
Price Four Million, One Hundred and Forty Thousand Dollars ($4,140,000.00) Three Million, Nine Hundred Thousand Dollars ($3,900,000.00)
Pr
ice
du Re
d ce
1210-1216 BROAD STREET; 614-620 TROUNCE ALLEY, VICTORIA, BC
The Exchange Building FOR SALE >
Contact:
REET WHARF ST
GAIL REANEY +1 250 414 8387 [email protected]
GOVERNME NT STREET WJ Wilson
STRE E
T
Azuma sushi
BROAD ST
VIEW
REET
STREET
ET
FORT
N STRE
JOHNSO
YATES S TREET
STRE E
T
DOUGLAS
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). © 2015. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria).
WHARF ST
ic r P
u d e R e
d e c
1210-1216 BROAD STREET; 614-620 TROUNCE ALLEY, VICTORIA, BC
The Exchange Building FOR SALE >
Contact: GAIL REANEY +1 250 414 8387 [email protected]
GOVERNME
NT STREET WJ Wilson Azuma sushi
T STRE E
BROAD ST
REET
VIEW
DOUGLAS
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
STREET
JOHNSO
YATES S TR
FORT STRE ET
EE T
N STRE ET
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). © 2015. 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 > 1210-1216 Broad Street; 614-620 Trounce Alley Victoria, BC
Opportunity This offering represents the opportunity to acquire one of Victoria’s more ornate heritage designated buildings on Broad Street, known as the Exchange Building.
Location The Exchange Building is well positioned on the corner of Broad Street and Trounce Alley a tourist attraction with its hanging baskets shops and restaurants. Trounce Alley is privately owned by the four property owners that border the Alley and was opened in 1858 to allow access to Government Street. Notable neighbours in the immediate vicinity include Carriero The Studio, West End Gallery, Roots, Monks Office Supply, Serious Coffee, Azuma Restaurant, WJ Wilson, Starbucks and the Bay Centre just steps away.
Improvements Built around 1890 for Alfred Alexander Green, a partner in the largest private banking house in the Province, the Exchange Building has a distinctive Italianate cornice with a tower at the southeast corner of the building which lends interest to the structure. The building totalling 10,364 SF, is two stories with main floor retail and second floor offices, and constructed of heavy brick with mostly wood frame floor over a crawl space and heavy timber second floor and roof. There is a four foot attic, which runs the front two thirds of the building. The building was seismically upgraded in the late summer of 2010 at which time a new roof was installed including insulating the roof to R4O and completely reworking the roof drainage. The exterior of the building was painted at this time. The main retail floor enjoys large display windows and the upper floors have large double hung wood framed opening windows. The building is heated by thermostatically controlled electric baseboard heaters, with the exception of the corner office which is serviced with a roof mounted HVAC unit. Recent upgrades were carried out late 2013/14 to the two retail units in Trounce Alley and a major upgrade and renovation was completed on the corner unit to house the new Bodega Wine Bar. In 2014 the owners participated in a major decorative lighting program for Trounce Alley.
Legal Description Lot 166A, Victoria City. PID: 004-543-254
Site The Site is rectangular in shape with frontage of +/- 66’ on Broad Street and +/-108.6’ along Trounce Alley for a total area of +/-7168 square feet, the building fully covers the site.
Tenancy Long-time Tenants include The Vitamin Shop and Tapas Bar and Restaurant. The newest Tenant Bodega Wine Bar is a second business in The Exchange Building and is owned and operated by the owner of the well-established Tapas Bar which opened in 1998. Bodega Bar, designed by Sandy Nygaard, is a mix of rustic and industrial with wrought iron and wood elements, modern and simple with soft textures and romantic lighting. Both Tapas and Bodega have a large following and being located just next door to each other in the quaint historic Trounce Alley makes it an easy job to look after both locations and maintain the high level of service for its customers. The Vitamin Shop opened in the Exchange Building in 1984. Owner operator Bruce Reid and his staff celebrated its 30th Anniversary July 2014. The Vitamin Shop is a downtown Victoria fixture and is one of the most successful well known Vitamin shops not only in Victoria but all of Canada. With the same ownership since 1984 the business has grown its retail business as well as its very successful mail order business in this excellent central downtown location. The remaining two units are occupied by Domani Fashion, a beautiful women’s boutique featuring Italian fashion, and Delice de France featuring charming French decorative pieces for your home and delicacies imported directly from France.
Zoning CA-3C - Old Town District: the zoning provides for a wide variety of uses including retail, office, financial, restaurant, residential etc.
Projected Net Income $246,088.00
Price Four Million, One Hundred and Forty Thousand Dollars ($4,140,000.00) Three Million, Nine Hundred Thousand Dollars ($3,900,000.00)
Pr
ice
du Re
d ce
1210-1216 BROAD STREET; 614-620 TROUNCE ALLEY, VICTORIA, BC
The Exchange Building FOR SALE >
Contact:
REET WHARF ST
GAIL REANEY +1 250 414 8387 [email protected]
GOVERNME NT STREET WJ Wilson
STRE E
T
Azuma sushi
BROAD ST
VIEW
REET
STREET
ET
FORT
N STRE
JOHNSO
YATES S TREET
STRE E
T
DOUGLAS
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). © 2015. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria).
