FOR SALE Retail Investment Opportunity
FOR SALE Retail Investment Opportunity
672 Leg in Boot Square Vancouver, BC
doug le patourel
Vice President 604 661 0841 [email protected]
David Knight*
Senior Associate 604 661 0817 [email protected]
False creek Investment opportunity
Situated in one of Vancouver’s most beautiful neighbourhoods The waterfront premises located between Cambie Street Bridge and Granville Street Bridge provides unobstructed views of Downtown Vancouver in the neighbourhood of South East False Creek. Conveniently located to a variety of public transit options including the Olympic Village Canada Line Station, bus and False Creek ferry services.
Opportunity Colliers is pleased to present the strata lots totaling approximately 5,460 SF of waterfront retail in the heart of False Creek. 672 Leg in Boot Square is currently operating as a Crossfit Westside studio, this provides a steady income producing property.
Highlights
Salient Facts Property Details:
006-187-382
Legal Address:
Strata Lot 1 False Creek Leasehold Strata Plan Vr. 916, Together With An Interest In The Common Property In Proportion To The Unit Entitlement Of The Strata Lot As Shown On Form 1
Site Area:
5,460 SF (approx.)
Zoning:
FCCDD Comprehensive Development
Year Built:
1995
Tax Assessment (2014):
Land Improvements Total
>> High exposure on the waterfront of False Creek >> Income producing property with a secure tenant (Crossfit Westside) >> Steps away to the Olympic Village Canada Line Station >> >> >>
Close to Granville Island Direct access to Vancouver’s world renowned Seawall More than 20 years left on the Land Lease with the City of Vancouver
Size 5,460 SF
False Creek Community District The majority of the buildings surrounding area (south side of False Creek, from the Cambie Street Bridge west to the Burrard Street Bridge) consist of leased land lots from the City of Vancouver. The majority of these have been lots improved with strata residential with a small amount of commercial space.
Parking Large pay lots at the rear of the building
Rent Roll Term
Land Lease Details >> More than twenty years left on the Land Lease with the City of Vancouver >>
$823,000 $478,000 $1,301,000
Upon expiry of the Lease, if the Lessor does not renew pursuant to Section 62 (2) of the Strata Titles Act, the Lessor will purchase the Lessee’s interest in the Strata Lot at fair market value.
5 years
Rent Period
Net Rate
Size
Annual Rent Option
May 1, 2014 - April 30, 2015
$19.00
5,460
$103,740
May 1, 2015 - April 30, 2016
$20.00
5,460
$109,200
May 1, 2016 - April 30, 2017
$21.00
5,460
$114,660
May 1, 2017 - April 30, 2018
$22.00
5,460
$120,120
May 1, 2018 - April 30, 2019
$23.00
5,460
$125,580
Sale Price $1,950,000
>>2013 Strata Fee
$1,427.40 per month
>>2013 Property Tax $20,876.00
1x5
Stanley park
Downtown vancouver
Burrard bridge granville bridge
cambie
bridge
granville Island
bus loop Olympic Village Station
Contact Us Doug Le Patourel
Vice President 604 661 0841 [email protected]
David Knight*
Senior Associate 604 661 0817 [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). © 2015. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver).
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com
672 Leg in Boot Square Vancouver, BC
doug le patourel
Vice President 604 661 0841 [email protected]
David Knight*
Senior Associate 604 661 0817 [email protected]
False creek Investment opportunity
Situated in one of Vancouver’s most beautiful neighbourhoods The waterfront premises located between Cambie Street Bridge and Granville Street Bridge provides unobstructed views of Downtown Vancouver in the neighbourhood of South East False Creek. Conveniently located to a variety of public transit options including the Olympic Village Canada Line Station, bus and False Creek ferry services.
Opportunity Colliers is pleased to present the strata lots totaling approximately 5,460 SF of waterfront retail in the heart of False Creek. 672 Leg in Boot Square is currently operating as a Crossfit Westside studio, this provides a steady income producing property.
Highlights
Salient Facts Property Details:
006-187-382
Legal Address:
Strata Lot 1 False Creek Leasehold Strata Plan Vr. 916, Together With An Interest In The Common Property In Proportion To The Unit Entitlement Of The Strata Lot As Shown On Form 1
Site Area:
5,460 SF (approx.)
Zoning:
FCCDD Comprehensive Development
Year Built:
1995
Tax Assessment (2014):
Land Improvements Total
>> High exposure on the waterfront of False Creek >> Income producing property with a secure tenant (Crossfit Westside) >> Steps away to the Olympic Village Canada Line Station >> >> >>
Close to Granville Island Direct access to Vancouver’s world renowned Seawall More than 20 years left on the Land Lease with the City of Vancouver
Size 5,460 SF
False Creek Community District The majority of the buildings surrounding area (south side of False Creek, from the Cambie Street Bridge west to the Burrard Street Bridge) consist of leased land lots from the City of Vancouver. The majority of these have been lots improved with strata residential with a small amount of commercial space.
Parking Large pay lots at the rear of the building
Rent Roll Term
Land Lease Details >> More than twenty years left on the Land Lease with the City of Vancouver >>
$823,000 $478,000 $1,301,000
Upon expiry of the Lease, if the Lessor does not renew pursuant to Section 62 (2) of the Strata Titles Act, the Lessor will purchase the Lessee’s interest in the Strata Lot at fair market value.
5 years
Rent Period
Net Rate
Size
Annual Rent Option
May 1, 2014 - April 30, 2015
$19.00
5,460
$103,740
May 1, 2015 - April 30, 2016
$20.00
5,460
$109,200
May 1, 2016 - April 30, 2017
$21.00
5,460
$114,660
May 1, 2017 - April 30, 2018
$22.00
5,460
$120,120
May 1, 2018 - April 30, 2019
$23.00
5,460
$125,580
Sale Price $1,950,000
>>2013 Strata Fee
$1,427.40 per month
>>2013 Property Tax $20,876.00
1x5
Stanley park
Downtown vancouver
Burrard bridge granville bridge
cambie
bridge
granville Island
bus loop Olympic Village Station
Contact Us Doug Le Patourel
Vice President 604 661 0841 [email protected]
David Knight*
Senior Associate 604 661 0817 [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). © 2015. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver).
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com
