CONTACT US
BROUG
FORT STRE ET
HTON STREE T
FOR SALE
BLANSHA
RD STREE
T
GRAHAM SMITH* 250 414 8390
[email protected] Prime Downtown Corner Property 1001 Blanshard Street, Victoria, BC COLLIERS INTERNATIONAL 1175 Douglas Street, Suite 1110 Victoria, BC V8W 2E1 250 388 6454 www.collierscanada.com/victoria
GRAHAM SMITH* 250 414 8390
[email protected] 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). *Personal Real Estate Corporation.
COLLIERS INTERNATIONAL 1175 Douglas Street, Suite 1110 Victoria, BC V8W 2E1 250 388 6454 www.collierscanada.com/victoria
FOR SALE > 1001 Blanshard Street, Victoria, BC
The site is level and improved with two buildings and a paved surface parking area. The larger two-storey corner building, with a municipal address of 1001 Blanshard Street/804 Broughton Street, has been occupied by a series of credit unions, most recently Vancouver City Savings Credit Union. According to architectural drawings, the building appears to have been constructed in 1970 using concrete block and wood/steel framing on a concrete foundation.
FOR SALE > Prominent Downtown Corner FORT STR
EET
Improvements:
The smaller easterly building has a municipal address of 812 Broughton and has been historically occupied by office users. Constructed in 1948, this building is of poured concrete construction on a concrete foundation.
Two-storey - Main Floor: Building Areas: Two-storey - Upper Floor: (Approx.) One-storey Building: Total:
BROUGH
TON ST R
EET
BLAN
SHAR
D STR
EET
There are three Carrier gas fired HVAC units serving the buildings totalling 17.5 tons, supplemented with electric baseboard heating. There is a 600 amp main electrical service shared between the two buildings and both buildings have torch-on roof membranes.
OPPORTUNITY The subject property is located on the key corner of Blanshard Street and Broughton Street in Victoria’s downtown core. Directly opposite from the property is the historic Royal Theatre and within a one block radius are the YMCA, the Victoria Downtown Library, the Victoria Law Courts and a vast array of both retail and office uses. Both pedestrian and automobile traffic counts in the area are very strong. The subject property benefits from its frontage on Blanshard Street, a major north-south connecter, and Broughton Street, a significant east west connector. The property is irregular in shape with the Blanshard Street frontage of approximately 89 lineal feet and Broughton Street frontage of approximately 118 lineal feet.
5,825 SF 2,013 SF 2,365 SF 10,203 SF
Site Size:
12,458 square feet (B.C. Assessment Data)
Zoning:
CHP-OB Cathedral Hill Precinct Office Building District. This zoning allows for office building uses, high tech, and call centres.
The subject property is located in the Cathedral Hill Precinct under the City of Victoria Official Community Plan (OCP). Under the OCP, the area is designated as an area of revitalization in which commercial uses are permitted as well as multifamily residential development. Legal Lot 1 of Lots 261 and 262, Victoria City, Plan 31711, Description: P.I.D. 001-137-972 Land: $1,530,000 Assessed Value Improvements: $1,017,000 (2014): Total: $2,547,000 Property Taxes $60,174 (2013): Official Community Plan:
Environmental:
The subject property has been issued a Certificate of Compliance dated October 31st, 2013 by the Province of British Columbia’s Ministry of Environment. The certificate confirms that the lands “…have been satisfactorily remediated to meet Contaminated Sites Regulation standards for commercial land soil and vapour use.”
Price:
Two Million Three Hundred Thousand Dollars ($2,300,000.00)
The acceptance or rejection of any offer, notwithstanding that it may be for the full asking price, shall be in the sole and unfettered discretion of the vendor.
FOR SALE > 1001 Blanshard Street, Victoria, BC
The site is level and improved with two buildings and a paved surface parking area. The larger two-storey corner building, with a municipal address of 1001 Blanshard Street/804 Broughton Street, has been occupied by a series of credit unions, most recently Vancouver City Savings Credit Union. According to architectural drawings, the building appears to have been constructed in 1970 using concrete block and wood/steel framing on a concrete foundation.
FOR SALE > Prominent Downtown Corner FORT STR
EET
Improvements:
The smaller easterly building has a municipal address of 812 Broughton and has been historically occupied by office users. Constructed in 1948, this building is of poured concrete construction on a concrete foundation.
Two-storey - Main Floor: Building Areas: Two-storey - Upper Floor: (Approx.) One-storey Building: Total:
BROUGH
TON ST R
EET
BLAN
SHAR
D STR
EET
There are three Carrier gas fired HVAC units serving the buildings totalling 17.5 tons, supplemented with electric baseboard heating. There is a 600 amp main electrical service shared between the two buildings and both buildings have torch-on roof membranes.
OPPORTUNITY The subject property is located on the key corner of Blanshard Street and Broughton Street in Victoria’s downtown core. Directly opposite from the property is the historic Royal Theatre and within a one block radius are the YMCA, the Victoria Downtown Library, the Victoria Law Courts and a vast array of both retail and office uses. Both pedestrian and automobile traffic counts in the area are very strong. The subject property benefits from its frontage on Blanshard Street, a major north-south connecter, and Broughton Street, a significant east west connector. The property is irregular in shape with the Blanshard Street frontage of approximately 89 lineal feet and Broughton Street frontage of approximately 118 lineal feet.
5,825 SF 2,013 SF 2,365 SF 10,203 SF
Site Size:
12,458 square feet (B.C. Assessment Data)
Zoning:
CHP-OB Cathedral Hill Precinct Office Building District. This zoning allows for office building uses, high tech, and call centres.
The subject property is located in the Cathedral Hill Precinct under the City of Victoria Official Community Plan (OCP). Under the OCP, the area is designated as an area of revitalization in which commercial uses are permitted as well as multifamily residential development. Legal Lot 1 of Lots 261 and 262, Victoria City, Plan 31711, Description: P.I.D. 001-137-972 Land: $1,530,000 Assessed Value Improvements: $1,017,000 (2014): Total: $2,547,000 Property Taxes $60,174 (2013): Official Community Plan:
Environmental:
The subject property has been issued a Certificate of Compliance dated October 31st, 2013 by the Province of British Columbia’s Ministry of Environment. The certificate confirms that the lands “…have been satisfactorily remediated to meet Contaminated Sites Regulation standards for commercial land soil and vapour use.”
Price:
Two Million Three Hundred Thousand Dollars ($2,300,000.00)
The acceptance or rejection of any offer, notwithstanding that it may be for the full asking price, shall be in the sole and unfettered discretion of the vendor.
CONTACT US
BROUG
FORT STRE ET
HTON STREE T
FOR SALE
BLANSHA
RD STREE
T
GRAHAM SMITH* 250 414 8390
[email protected] Prime Downtown Corner Property 1001 Blanshard Street, Victoria, BC COLLIERS INTERNATIONAL 1175 Douglas Street, Suite 1110 Victoria, BC V8W 2E1 250 388 6454 www.collierscanada.com/victoria
GRAHAM SMITH* 250 414 8390
[email protected] 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). *Personal Real Estate Corporation.
COLLIERS INTERNATIONAL 1175 Douglas Street, Suite 1110 Victoria, BC V8W 2E1 250 388 6454 www.collierscanada.com/victoria