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BURTON MANOR for Sale > 520 Ninth Street, New Westminster | BC

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BURTON MANOR for Sale > 520 Ninth Street, New Westminster | BC BURTON MANOR For Sale > 520 Ninth Street, New Westminster | BC HIGHLIGHTS Colliers International 200 Granville Street | 19th Floor Vancouver, BC | V6C 2R6 > 33-unit residential building located in New Westminster’s Brow of the Hill neighbourhood > Opportunity to significantly increase rents upon suite turnover > Downtown Vancouver less than 30 minutes via SkyTrain from New Westminster station > Suite mix includes: 3 bachelor suites, 22 one-bedroom suites and 8 two-bedroom suites CASEY WEEKS Personal Real Estate Corporation > Opportunity for property transfer tax savings through purchase of shares of the bare trust DIR +1 604 661 0811 > Steps from Moody Park, Moody outdoor pool, Royal City Centre Shopping Centre and New Westminster Public Library [email protected] FOR SALE BURTON MANOR 520 Ninth Street New Westminster BC Located in the Brow of the Hill neighbourhood of New Westminster. The property is within close proximity to Royal City Centre, New Westminster SkyTrain, the Quay and other amenities. The area is serviced by several bus routes and the Expo Line providing easy accessibility throughout Metro Vancouver. SALIENT FACTS Civic Address 520 Ninth Street, New Westminster, BC Lot 13, New West District, Plan NWP2620 Suburban Block 10, Of Lot Legal Address 12, Lot 10, Suburban Block 10, Plan NWP2620, New Westminster Land District, Of Lot 12; PID: 013-606-603, 013-606-590 Site Area 20,693 SF Dimensions 132 feet along Ninth Street and 157 feet of return depth (approx.) Zoning RM-2 Multiple Dwelling District Located midblock along Ninth Street between Fifth and Sixth Avenue Location in the Brow of the Hill neighbourhood of New Westminster Four-storey building comprised of 33 suites, with 19 underground Improvements parking stalls, 14 uncovered parking stalls. 3 Bachelor Suite Mix 22 One-bedroom 8 Two-bedroom Net Operating Income $191,253* 132 feet Year Built 1966 Assessed Value (2018) $6,524,000 Gross Taxes (2017) $24,050.09 157 feet Asking Price $7,750,000 *stabilized from July 2018 Rent Roll BROW OF THE HILL NEIGHBOURHOOD PROSPECTIVE PURCHASERS Prospective purchasers are invited to submit Offers to Purchase Brow of the Hill is significant for its geographical location, stretching uphill from the Fraser River the Property through Colliers for consideration by the Vendor. and culminating the “brow,” the highest part of a hill where the ground begins to flatten out. After signing a Confidentiality Agreement (CA), qualified Within this geographic scope is a neighbourhood of diversity, variety and contrast. interested parties will be provided a Confidential Information Memorandum (“CIM”) an access to the data room which contains As one of New Westminster’s earliest residential neighbourhoods, Brow of the Hill is significant for pertinent information and documents relevant to the Property. its working class history and the architecture that supported it. Early single family homes, some dating back to the 1880s, housed people who held a variety of blue collar jobs and professions, yet the area is also home to many larger dwellings of prominent New Westminster residents. As OFFERING PROCESS the working population grew, areas of apartments emerged and larger homes were divided into All prospective purchasers will be advised of an offer submission multiple dwelling units. date during the initial marketing period. Purchasers are invited to submit offers to Colliers on the Vendor’s preferred Form of Source: New West City database - https://www.newwestcity.ca/database/files/library/5_Brow_of_the_Hill.pdf Offer (available upon request). Metrotown Moody Park Tenth Street Sixth Avenue Ninth Street BURTON MANOR For Sale > 520 Ninth Street, New Westminster | BC Colliers International CASEY WEEKS 200 Granville Street | 19th Floor Personal Real Estate Corporation Vancouver, BC | V6C 2R6 DIR +1 604 661 0811 P: +1 604 681 4111 [email protected] This document/email 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). © 2018. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc. JS 06/2018.
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