west broadway
FOR SALE
1965
WEST BROADWAY VANCOUVER, BC
Partnership. Performance.
Opportunity Premier mixed-use investment and development opportunity located on the Broadway Corridor within a short walking distance of a future SkyTrain Station.
Robert Greer*, Principal 604.647.5084 [email protected] * Personal Real Estate Corporation
Carey Buntain, Associate 604.647.1352 [email protected]
1965
WEST BROADWAY VANCOUVER, BC Opportunity
Property Details Civic Address
1965 West Broadway, Vancouver, BC
Parcel ID
015-189-864
Avison Young is pleased to present this rare opportunity to acquire 100% freehold interest in 1965 West Broadway in Vancouver, B.C. (the “Property”). Strategically located within 230 metres of a future SkyTrain Station on West Broadway and Arbutus Street, the Property is well positioned for long term redevelopment. The Property comprises 4,179 rentable sf over two (2) storeys with holding income from both the retail and office space within the building.
Legal Description
Location
Site Dimensions
The Property is ideally situated on the North side of West Broadway, a block and a half east of Arbutus Street. The buildling has convenient access to a network of major vehicular routes and is an eight-minute drive to Downtown Vancouver.
PL VAP590 LT 17 BLK 326 DL 526 LD 36 50 ft x 115 ft
Site Area
5,739 sf (as per Vanmaps)
Zoning C-3A
Floor Space Ratio (“FSR”) 3.00
Potential Gross Buildable Area
17,217 sf
Heritage Density *
0.30 FSR (10% increase)
Rentable Area 4,179 sf
Parking Stalls 8 surface stalls
Year Built
1947
Leaseback
Vendor requires a leaseback of the property for a term of 5 years
Financing
Treat as clear title
Asking Price
Contact listing agents * For the purposes of this section “heritage density” means density provided as compensation for a heritage designation, which is transferred from the site of the designated heritage property to another site in accordance with Council’s Transfer of Density Policy and Procedure. (City of Vancouver C-3A Zoning Bylaw, April 2015)
The 99 B-Line and other major bus routes stop very close to the the Property, providing quick and easy access to Downtown Vancouver and UBC. The area is equipped with numerous restaurants, shops, and amenities located along Broadway including: Blenz Coffee, IGA, London Drugs and Greens Organic and Natural Market.
1965
WEST BROADWAY VANCOUVER, BC
Subject Property 1965 West Broadway
Millennium Line
Extension
by the numbers:
Length:
6 km
Key Highlights ;; Strategically located on a prominent corner within the Broadway Corridor, which is BC’s largest employment centre after Downtown Vancouver ;; Prime redevelopment opportunity along the planned Millennium Line Broadway Extension (Broadway Subway)
stations:
six
;; The Broadway submarket is one of the strongest office markets in Metro Vancouver with a ~4.7% vacancy rate which continues to decline
98
WALK SCORE
TRANSIT SCORE
Walker’s Paradise Daily errands do not require a car
Excellent Transit Transit is convenient for most trips
87
cost:
$2B+
completion date:
2024
Source: TransLink
WEST END
YA
Subject Property 1965 West Broadway
BROADWAY
BROADWAY
Millennium Line Broadway Extension
Partnership. Performance. Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada avisonyoung.com
© 2017 Avison Young. All rights reserved.
Robert Greer*, Principal 604.647.5084 [email protected] * Personal Real Estate Corporation
Carey Buntain, Associate 604.647.1352 [email protected]
E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young.
1965
WEST BROADWAY VANCOUVER, BC
Partnership. Performance.
Opportunity Premier mixed-use investment and development opportunity located on the Broadway Corridor within a short walking distance of a future SkyTrain Station.
Robert Greer*, Principal 604.647.5084 [email protected] * Personal Real Estate Corporation
Carey Buntain, Associate 604.647.1352 [email protected]
1965
WEST BROADWAY VANCOUVER, BC Opportunity
Property Details Civic Address
1965 West Broadway, Vancouver, BC
Parcel ID
015-189-864
Avison Young is pleased to present this rare opportunity to acquire 100% freehold interest in 1965 West Broadway in Vancouver, B.C. (the “Property”). Strategically located within 230 metres of a future SkyTrain Station on West Broadway and Arbutus Street, the Property is well positioned for long term redevelopment. The Property comprises 4,179 rentable sf over two (2) storeys with holding income from both the retail and office space within the building.
Legal Description
Location
Site Dimensions
The Property is ideally situated on the North side of West Broadway, a block and a half east of Arbutus Street. The buildling has convenient access to a network of major vehicular routes and is an eight-minute drive to Downtown Vancouver.
PL VAP590 LT 17 BLK 326 DL 526 LD 36 50 ft x 115 ft
Site Area
5,739 sf (as per Vanmaps)
Zoning C-3A
Floor Space Ratio (“FSR”) 3.00
Potential Gross Buildable Area
17,217 sf
Heritage Density *
0.30 FSR (10% increase)
Rentable Area 4,179 sf
Parking Stalls 8 surface stalls
Year Built
1947
Leaseback
Vendor requires a leaseback of the property for a term of 5 years
Financing
Treat as clear title
Asking Price
Contact listing agents * For the purposes of this section “heritage density” means density provided as compensation for a heritage designation, which is transferred from the site of the designated heritage property to another site in accordance with Council’s Transfer of Density Policy and Procedure. (City of Vancouver C-3A Zoning Bylaw, April 2015)
The 99 B-Line and other major bus routes stop very close to the the Property, providing quick and easy access to Downtown Vancouver and UBC. The area is equipped with numerous restaurants, shops, and amenities located along Broadway including: Blenz Coffee, IGA, London Drugs and Greens Organic and Natural Market.
1965
WEST BROADWAY VANCOUVER, BC
Subject Property 1965 West Broadway
Millennium Line
Extension
by the numbers:
Length:
6 km
Key Highlights ;; Strategically located on a prominent corner within the Broadway Corridor, which is BC’s largest employment centre after Downtown Vancouver ;; Prime redevelopment opportunity along the planned Millennium Line Broadway Extension (Broadway Subway)
stations:
six
;; The Broadway submarket is one of the strongest office markets in Metro Vancouver with a ~4.7% vacancy rate which continues to decline
98
WALK SCORE
TRANSIT SCORE
Walker’s Paradise Daily errands do not require a car
Excellent Transit Transit is convenient for most trips
87
cost:
$2B+
completion date:
2024
Source: TransLink
WEST END
YA
Subject Property 1965 West Broadway
BROADWAY
BROADWAY
Millennium Line Broadway Extension
Partnership. Performance. Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada avisonyoung.com
© 2017 Avison Young. All rights reserved.
Robert Greer*, Principal 604.647.5084 [email protected] * Personal Real Estate Corporation
Carey Buntain, Associate 604.647.1352 [email protected]
E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young.
