RETAIL INVESTMENT OR OWNER/USER OPPORTUNITy
retail investment or owner/user opportunity for sale | 4557 blackcomb way whistler | bRITISH cOLUMBIA
y 99
a Highw
Lor
ime
r Ro
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whistler village
SUBJECT chateau whistler
ay Blackcomb W
blackcomb base FOR MORE INFORMATION PLEASE CONTACT:
Jordan Carlson 604 662 5102 [email protected]
four Seasons hotel
FOR SALE | 4557 BLACKCOMB WAY WHISTLER | bRITISH cOLUMBIA THE OFFERING The Subject Property is comprised of 5 strata units in Le Chamois Hotel in Whistler, BC. Strata Lots 20-22 consist of a single restaurant space totaling 3,173 SF, with Strata Lots 5-6 consisting of office/ storage space totaling 866 SF. Strata Lots 20-22 are located on the second floor of the lobby of the hotel and feature a superb restaurant layout, with an exceptional 2,800 SF outdoor patio (limited common property) providing immediate walk-up exposure to the retail strip of the Benchlands at the rear of the hotel. Strata Lots 5-6 are located in the basement of the hotel and can serve as either supporting office/storage space for the restaurant or can be leased separately.
Kitchen
RESTAURANT PLAN Dining Lounge Dining Lounge
Bar
Patio
Lobby
tenancy The Subject Property is newly vacant but is currently being actively marketed for lease. Tenancy options include a single-tenant occupying the entire property; or one tenant occupying strata lots 20-22 with separate tenants occupying strata lots 5 and 6. The potential NOI for the Subject Property is $121,447 per annum based on current market rates. The Property also provides a great opportunity to owner/ users looking to purchase their own restaurant space.
location Prominently located in Le Chamois hotel in the Benchlands area of Whistler. Situated at the base of Blackcomb Mountain only minutes away from the world famous Whistler Village, the Benchlands features a variety of retail, resort, and residential properties. Immediately adjacent to Merlin’s Bar and Grill, The Base of Blackcomb Mountain, Milestones, the Fairmont Chateau Whistler, the Four Seasons Whistler, and various retailers, providing significant consumer foot traffic to the immediate area. Whistler is one of the most sought-after retail locations in North America, attracting 2 million visitors and $1 billion in tourism spending every year.
whistler retail market overview :: Vacancy levels in Whistler’s retail market have been very low in the past and are expected to remain steady. :: Virtually no new retail space additions are permitted under current zoning. :: Direct spending within Whistler, estimated at $1 Billion, was associated primarily with the food and beverage sector (30%), followed by lodging (25%), recreation and entertainment (15%), retail (14%), grocery (7%) and transportation (7%).
CBRE Limited | 1111 West Georgia Street | Suite 600 | Vancouver, BC V6E 4M3 | www.cbre.ca This disclaimer shall apply to CBRE Limited, Brokerage, and all of its real estate agents, and to all other divisions of the Corporation (collectively “CBRE”). The information set out herein (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE.
retail investment or owner/user opportunity for sale | 4557 blackcomb way whistler | bRITISH cOLUMBIA
executive summary Municipal Address
Property Taxes
SL 20 -22, 5-6; 4557 Blackcomb Way, Whistler BC
$23,111.77 (2012)
Legal Description
Utilities
SL 20-22, 5-6; District Lot 3866, Strata Plan VR2753
$6,806.68 (2012)
Parcel Identifiers
Strata Fees
016-599-322, 016-599-331, 016-599-489, 016-599-497, 016-599-501
$19,825.32 per annum (2012)
Net Rentable Area
Potential Net Operating Income
Approx. 4,039 SF
$121,447
Parking
Cap Rate
9 underground parking stalls
6.75%
Zoning
Sale Price
CC1
$1,684,000 (Accounts for Void Leasing Costs and Parking Stalls – See Agent for details)
tourism whistler fees $3,018.01
FOR MORE INFORMATION PLEASE CONTACT:
Jordan Carlson 604 662 5102 [email protected]
y 99
a Highw
Lor
ime
r Ro
ad
whistler village
SUBJECT chateau whistler
ay Blackcomb W
blackcomb base FOR MORE INFORMATION PLEASE CONTACT:
Jordan Carlson 604 662 5102 [email protected]
four Seasons hotel
FOR SALE | 4557 BLACKCOMB WAY WHISTLER | bRITISH cOLUMBIA THE OFFERING The Subject Property is comprised of 5 strata units in Le Chamois Hotel in Whistler, BC. Strata Lots 20-22 consist of a single restaurant space totaling 3,173 SF, with Strata Lots 5-6 consisting of office/ storage space totaling 866 SF. Strata Lots 20-22 are located on the second floor of the lobby of the hotel and feature a superb restaurant layout, with an exceptional 2,800 SF outdoor patio (limited common property) providing immediate walk-up exposure to the retail strip of the Benchlands at the rear of the hotel. Strata Lots 5-6 are located in the basement of the hotel and can serve as either supporting office/storage space for the restaurant or can be leased separately.
Kitchen
RESTAURANT PLAN Dining Lounge Dining Lounge
Bar
Patio
Lobby
tenancy The Subject Property is newly vacant but is currently being actively marketed for lease. Tenancy options include a single-tenant occupying the entire property; or one tenant occupying strata lots 20-22 with separate tenants occupying strata lots 5 and 6. The potential NOI for the Subject Property is $121,447 per annum based on current market rates. The Property also provides a great opportunity to owner/ users looking to purchase their own restaurant space.
location Prominently located in Le Chamois hotel in the Benchlands area of Whistler. Situated at the base of Blackcomb Mountain only minutes away from the world famous Whistler Village, the Benchlands features a variety of retail, resort, and residential properties. Immediately adjacent to Merlin’s Bar and Grill, The Base of Blackcomb Mountain, Milestones, the Fairmont Chateau Whistler, the Four Seasons Whistler, and various retailers, providing significant consumer foot traffic to the immediate area. Whistler is one of the most sought-after retail locations in North America, attracting 2 million visitors and $1 billion in tourism spending every year.
whistler retail market overview :: Vacancy levels in Whistler’s retail market have been very low in the past and are expected to remain steady. :: Virtually no new retail space additions are permitted under current zoning. :: Direct spending within Whistler, estimated at $1 Billion, was associated primarily with the food and beverage sector (30%), followed by lodging (25%), recreation and entertainment (15%), retail (14%), grocery (7%) and transportation (7%).
CBRE Limited | 1111 West Georgia Street | Suite 600 | Vancouver, BC V6E 4M3 | www.cbre.ca This disclaimer shall apply to CBRE Limited, Brokerage, and all of its real estate agents, and to all other divisions of the Corporation (collectively “CBRE”). The information set out herein (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE.
retail investment or owner/user opportunity for sale | 4557 blackcomb way whistler | bRITISH cOLUMBIA
executive summary Municipal Address
Property Taxes
SL 20 -22, 5-6; 4557 Blackcomb Way, Whistler BC
$23,111.77 (2012)
Legal Description
Utilities
SL 20-22, 5-6; District Lot 3866, Strata Plan VR2753
$6,806.68 (2012)
Parcel Identifiers
Strata Fees
016-599-322, 016-599-331, 016-599-489, 016-599-497, 016-599-501
$19,825.32 per annum (2012)
Net Rentable Area
Potential Net Operating Income
Approx. 4,039 SF
$121,447
Parking
Cap Rate
9 underground parking stalls
6.75%
Zoning
Sale Price
CC1
$1,684,000 (Accounts for Void Leasing Costs and Parking Stalls – See Agent for details)
tourism whistler fees $3,018.01
FOR MORE INFORMATION PLEASE CONTACT:
Jordan Carlson 604 662 5102 [email protected]
