FOR SALE > Downtown South Investment Property - Colliers Canada
FOR SALE > Downtown South Investment Property 530 Drake Street Vancouver, BC
INVESTMENT HIGHLIGHTS
MORGAN DYER*
SIMON LIM*
SENIOR VICE PRESIDENT
EXECUTIVE VICE PRESIDENT
+1 604 661 0886 [email protected]
+1 604 661 0882 [email protected]
COLIN SCARLETT* SENIOR VICE PRESIDENT
>> High-exposure corner mixed-use building located in the Downtown core >> Unique dual frontage property enjoys exposure on both Drake and Seymour Streets >> Improved with a three storey building with 13 residential units and 4,923 SF of commercial. Gross building area is approximately 16,702 SF >> 6,000 SF site, currently zoned DD (Downtown District, Sub Area ‘L1’)
+1 604 661 0879 [email protected] COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 +1 604 681 4111 www.collierscanada.com
>> Potential income producing property with redevelopment potential >> Opportunity for residential development in a highly sought-after neighbourhood >> Offers will be considered on or after December 3, 2014
FOR SALE > Downtown South Investment Property Civic Address:
530 Drake Street, Vancouver
Legal Description:
Lot 1 & 2, Block 114, District Lot 541, Plan VAP210 Land District 36 - PIDs: 002-572-851, 002-571-749
Location
The subject property is located in the Downtown South area of Vancouver at the southeast corner of Drake Street and Seymour Street.
Site Description:
6,000 SF with 120 feet of frontage along Drake Street and 50 feet of frontage on Seymour Street
Improvements
The property is improved with a 16,702 SF 3-storey woodframe building with approximately 4,923 SF of commercial on the ground floor and 13 residential units
Zoning & Density
DD Downtown District (Sub Area L1). Maximum density of 3.00 FSR with provision to increase to 5.00 FSR for a site with social housing (provided it comprises more than two-thirds of the FSR). Maximum height of 70 feet.
Parking:
8 covered parking stalls and loading area.
Land Assessed Value Improvement (2014): Total
FPO
$3,763,000 $34,800 $3,797,800
Property Taxes $1,452.37 (2014): Offering Process:
SITE PLAN
Offers will be considered on or after December 3, 2014. A detailed sales memorandum is available upon request.
CONTACT US MORGAN DYER*
SIMON LIM*
SENIOR VICE PRESIDENT
+1 604 661 0886 [email protected]
EXECUTIVE VICE PRESIDENT
+1 604 661 0882 [email protected]
COLIN SCARLETT* SENIOR VICE PRESIDENT
+1 604 661 0879 [email protected] This document/email 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. (Vancouver). *Personal Real Estate Corporation. JH 10/2014
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 +1 604 681 4111 www.collierscanada.com
INVESTMENT HIGHLIGHTS
MORGAN DYER*
SIMON LIM*
SENIOR VICE PRESIDENT
EXECUTIVE VICE PRESIDENT
+1 604 661 0886 [email protected]
+1 604 661 0882 [email protected]
COLIN SCARLETT* SENIOR VICE PRESIDENT
>> High-exposure corner mixed-use building located in the Downtown core >> Unique dual frontage property enjoys exposure on both Drake and Seymour Streets >> Improved with a three storey building with 13 residential units and 4,923 SF of commercial. Gross building area is approximately 16,702 SF >> 6,000 SF site, currently zoned DD (Downtown District, Sub Area ‘L1’)
+1 604 661 0879 [email protected] COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 +1 604 681 4111 www.collierscanada.com
>> Potential income producing property with redevelopment potential >> Opportunity for residential development in a highly sought-after neighbourhood >> Offers will be considered on or after December 3, 2014
FOR SALE > Downtown South Investment Property Civic Address:
530 Drake Street, Vancouver
Legal Description:
Lot 1 & 2, Block 114, District Lot 541, Plan VAP210 Land District 36 - PIDs: 002-572-851, 002-571-749
Location
The subject property is located in the Downtown South area of Vancouver at the southeast corner of Drake Street and Seymour Street.
Site Description:
6,000 SF with 120 feet of frontage along Drake Street and 50 feet of frontage on Seymour Street
Improvements
The property is improved with a 16,702 SF 3-storey woodframe building with approximately 4,923 SF of commercial on the ground floor and 13 residential units
Zoning & Density
DD Downtown District (Sub Area L1). Maximum density of 3.00 FSR with provision to increase to 5.00 FSR for a site with social housing (provided it comprises more than two-thirds of the FSR). Maximum height of 70 feet.
Parking:
8 covered parking stalls and loading area.
Land Assessed Value Improvement (2014): Total
FPO
$3,763,000 $34,800 $3,797,800
Property Taxes $1,452.37 (2014): Offering Process:
SITE PLAN
Offers will be considered on or after December 3, 2014. A detailed sales memorandum is available upon request.
CONTACT US MORGAN DYER*
SIMON LIM*
SENIOR VICE PRESIDENT
+1 604 661 0886 [email protected]
EXECUTIVE VICE PRESIDENT
+1 604 661 0882 [email protected]
COLIN SCARLETT* SENIOR VICE PRESIDENT
+1 604 661 0879 [email protected] This document/email 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. (Vancouver). *Personal Real Estate Corporation. JH 10/2014
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 +1 604 681 4111 www.collierscanada.com
