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BEA TING CORDO L BARC O P FOR sale > investment/development opportunity

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ST 18TH AVENUE ST Location 18TH AVENUE [email protected] > Rare residential/commercial development opportunity on West Broadway The subject property is located on the South side of Broadway COLLIERS INTERNATIONAL > Located just 2 blocks east of Cambie Street and the Canada Line between Alberta and Columbia Streets in Vancouver. 2 blocks from 200 Granville Street, 19th Floor Cambie Street, 5 blocks from Main Street. Steps to the Canada Vancouver, BC V6C 2R6 > 15,974 SF mid block site, zoned C-3A Line with access to Downtown Vancouver and YVR. In the heart of 604 681 4111 > Existing rental/office tenants provide significant holding income the increasingly trendy Mount Pleasant Area. www.colliers.com

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, Simon Lim* David taylor COLLIERS INTERNATIONAL 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 Executive Vice President Associate 200 Granville Street, 19th Floor excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and 604 661 0882 604 692 1402 Vancouver, BC V6C 2R6 excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2010. All rights reserved. This communication is not intended to [email protected] [email protected] 604 681 4111 cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver). www.colliers.com *Personal Real Estate Corporation. TN 08/2010 FOR sale > investment/development opportunity 222 -236 West Broadway, Vancouver, BC

Development Opportunity Improvements

> Rare, westside development opportunity with significant holding income > 2-storey buildings > Centrally located on Vancouver’s high-profile Broadway Corridor, just 2 blocks east of Cambie and Canada Line, and 5 blocks west of Main Street 2010 Actual NOI Municipal Address 222 West Broadway 230 West Broadway 236 West Broadway TOTAL SITE > Irreplaceable land > Preliminary plans in place for 8-storey tower > $249,474 Lot 6 Plan 9361 Block 24 District Lot 5 Plan 9361 Block 24 District Lot 4 Plan 9361 Block 24 District Legal Description Lot 302 Land District 36 Lot 302 Land District 36 Lot 302 Land District 36 > Leases provide for redevelopment (within 12 months) > High barrier to entry market given lack of sites for development 2011 Stabilized NOI Site Area 5,975.64 SF 5,992.47 SF 4,005.87 SF 15,974 SF > Potential to develop and retain or sell strata retail at grade > Steps from transit, shopping, employment and amenities > $300,815 Lot Dimensions 49.5 x 120.72 Feet 49.5 x 121.06 Feet 33 x 121.39 Feet > Excellent holding yield with upside potential as hold

Improvements 2-storey building retail 2-storey office above retail 2-storey building Frontage

Net Rentable Area 6,748 SF 5,628 SF 4,600 SF 16,976 SF > 132 feet on West Broadway

Assessed Value $1,817,667 $1,838,000 $1,269,100 $4,924,767 (2010) Frontage Site Area (Combined)

Gross Taxes (2010) $33,688.33 $34,069.11 $23,465.03 $91,222.47 > 132 feet on West Broadway > 15,974 SF

2010 Actual NOI $107,372 $124,443 N/A* $231,815 Site Plan *building was vacant for 2010 Existing Development 2011 Stabilized NOI $124,443 $3,100,815 Inquiry $107,372 $69,000 Zoning & Density > 8-storey residential building with C-3A Commercial retail at grade. Total of 59,600 SF The intent of this Schedule is to provide for a wide range of goods and of gross floor area. 3.73 FSR. services, to maintain commercial activities, specialized services and some Preliminary inquiry only. Plans West Broadway light manufacturing enterprises while preserving the character and general available upon submission of amenity of the area and its immediate surroundings, and to provide for Confidentiality Agreement. Initial dwelling uses designed compatibly with commercial uses. plans support base density without transfer of 3.35 FSR Alberta Street Alberta Columbia Street Density 1.00 FSR. The Development Permit Board may permit a density up to 3.00 FSR, with an additional 10% resulting from a transfer of heritage floor space. Total 3.3 FSR.

*Please see existing development inquiry regarding base density achievable