Prime Retail Property - SLIDEBLAST.COM
FOR SALE > PRIME GOVERNMENT STREET RETAIL PROPERTY
Prime Retail Property 1323 GOVERNMENT STREET, VICTORIA, BC
Contact Us GRAHAM SMITH* +1 250 414 8390 [email protected] *Personal Real Estate Corporation
TRISTAN SPARK +1 250 414 8391 [email protected]
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
FOR SALE > PRIME GOVERNMENT STREET RETAIL PROPERTY
Prime Retail Property 1323 GOVERNMENT STREET, VICTORIA, BC
Location
Building areas are approximated as follows:
Main Floor: Upper Floor: Basement: Total:
Site Size:
2,598 SF (B.C. Assessment Data)
Zoning:
CA-3C Zone - Old Town District: This zoning allows for a wide variety of uses including retail, restaurant, high tech, and residential uses on the second and above floors.
Both pedestrian and automobile traffic counts in the area are very strong.
Legal Description:
Lot A, District Lot 159, Victoria City, Plan 33100, P.I.D. 000-227-111
The subject property benefits from its frontage on Government Street and its location immediately adjacent to The Gap. The property is roughly rectangular in shape with Government Street frontage of approximately 21.77 lineal feet and a lot depth of approximately 120 feet.
2014 Assessed Values:
Land: $495,000.00 Improvements: $653,000.00 Total: $1,148,000.00
2014 Taxes:
$26,379.00
Financing:
None existing. Treat as clear title.
The subject property is located on a key retail block of Government Street between Yates and Johnson Streets. Government Street is Victoria’s primary street front retail thoroughfare, anchored by the Fairmont Empress Hotel to the south and benefitting from such tenancies as The Bay Centre, Eddie Bauer, Mountain Equipment Co-op, Earl’s Restaurant and others. The 1300 block of Government Street is a vibrant retail block and benefits from the tenancies of Starbucks, The Gap, Spank Clothing, as well as numerous successful local tenancies.
Improvements
2,528 SF 1,930 SF 712 SF 4,458 SF (excluding basement)
The site is improved with a single two storey plus partial basement building constructed in 1895. The improvements occupy 100% of the site area and the structure is on the City of Victoria Heritage Registry. The structure was originally constructed as the Romano Theatre has had numerous renovations over its life, the most recent being in 1988 when the building was converted from a dinner theatre to its current retail use. The property has a new torch on roof as of 2013 and is reportedly serviced by four (4) HVAC units. There is a 400 amp electrical service to the property.
Price One Million Two Hundred and Seventy-Five Thousand Dollars ($1,275,000.00) The operating business is also available for purchase separately. 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. Colliers International is a worldwide affiliation of independently owned and operated companies. 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).
Prime Retail Property 1323 GOVERNMENT STREET, VICTORIA, BC
Contact Us GRAHAM SMITH* +1 250 414 8390 [email protected] *Personal Real Estate Corporation
TRISTAN SPARK +1 250 414 8391 [email protected]
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
FOR SALE > PRIME GOVERNMENT STREET RETAIL PROPERTY
Prime Retail Property 1323 GOVERNMENT STREET, VICTORIA, BC
Location
Building areas are approximated as follows:
Main Floor: Upper Floor: Basement: Total:
Site Size:
2,598 SF (B.C. Assessment Data)
Zoning:
CA-3C Zone - Old Town District: This zoning allows for a wide variety of uses including retail, restaurant, high tech, and residential uses on the second and above floors.
Both pedestrian and automobile traffic counts in the area are very strong.
Legal Description:
Lot A, District Lot 159, Victoria City, Plan 33100, P.I.D. 000-227-111
The subject property benefits from its frontage on Government Street and its location immediately adjacent to The Gap. The property is roughly rectangular in shape with Government Street frontage of approximately 21.77 lineal feet and a lot depth of approximately 120 feet.
2014 Assessed Values:
Land: $495,000.00 Improvements: $653,000.00 Total: $1,148,000.00
2014 Taxes:
$26,379.00
Financing:
None existing. Treat as clear title.
The subject property is located on a key retail block of Government Street between Yates and Johnson Streets. Government Street is Victoria’s primary street front retail thoroughfare, anchored by the Fairmont Empress Hotel to the south and benefitting from such tenancies as The Bay Centre, Eddie Bauer, Mountain Equipment Co-op, Earl’s Restaurant and others. The 1300 block of Government Street is a vibrant retail block and benefits from the tenancies of Starbucks, The Gap, Spank Clothing, as well as numerous successful local tenancies.
Improvements
2,528 SF 1,930 SF 712 SF 4,458 SF (excluding basement)
The site is improved with a single two storey plus partial basement building constructed in 1895. The improvements occupy 100% of the site area and the structure is on the City of Victoria Heritage Registry. The structure was originally constructed as the Romano Theatre has had numerous renovations over its life, the most recent being in 1988 when the building was converted from a dinner theatre to its current retail use. The property has a new torch on roof as of 2013 and is reportedly serviced by four (4) HVAC units. There is a 400 amp electrical service to the property.
Price One Million Two Hundred and Seventy-Five Thousand Dollars ($1,275,000.00) The operating business is also available for purchase separately. 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. Colliers International is a worldwide affiliation of independently owned and operated companies. 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).
