$3,495,000

1806-1814 Vancouver St
MLS® NO: 893700

Description

Free-standing professional buildings located at 1806 -1814 Vancouver St. This 1988 built property consists of two – 2 story buildings with a central parking lot for up to approximately 18 vehicles. The current ground floor configuration has 3 units totaling over 4900 sq ft and is fully leased.The 2nd floor walk-up office space (both sides of the building) is leased to one tenant and these units can be easily demised for a potential of 3 tenancies in total. The units all benefit from great natural light and there is high visibility pylon signage at the corner of Vancouver and North Park St. This property is currently on gross leases but still generates great returns and with a vacancy coming up, the opportunity exists for the next owner to transition to net leases and significantly increase the rents to market rates which will provide a considerable lift.The ability to steadily improve the net returns and the future upside of a redevelopment opportunity make this great holding property.

General

Taxes: 40018
Year Built: 1988

Lot Information

Parking: 18

Property Details

Building Type:
Municipality: Victoria

Book a Tour

Book a Tour

All fields marked with * are required.


Request More Info

Request More Info

All fields marked with * are required.


Tell a Friend

Tell a Friend

All fields are required.


Mortgage Calculator

This is only a guide. Please verify this information with your mortgage specialist.


Back To Listings

Listed with:

Kane Ryan - Pemberton Holmes - Cloverdale
Phone: 250-986-8900

Clive Townley - Pemberton Holmes - Cloverdale

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.