FOR SALE Coal Harbour Retail Investment Opportunity
BUTE STREET Sunset305 Beach VANCOUVER, BC
SIMON LIM* JAMES LANG DIR +1 604 661 0882 DIR +1 604 661 0868 [email protected] [email protected]
JESSICA HATHAWAY DIR +1 604 694 7227 [email protected]
FEATURES The Property is situated on the southwest corner of Bute Street and West • High exposure corner location in Vancouver’s Cordova Street within the Coal Harbour neighbourhood of Vancouver. prestigious Coal Harbour neighbourhood This is one of the most prestigious areas in the city, featuring numerous high-end condominium developments in close proximity to a wide array • Quality space within the Cielo development, of amenities including the Vancouver Convention Centre, Coal Harbour one of Coal Harbour’s most exclusive luxury Marina, Vancouver Seawall, Harbour Green Park, and Stanley Park. condominium buildings constructed in 2007
• Tenanted by Overwaitea Foods under the Urban Fare banner, the company’s most high-end brand which specializes in gourmet, organic and imported foods LOCATION HIGHLIGHTS • Within walking distance to the central business district, Vancouver Seawall and countless • The Property’s location caters to the high-end demographic with ample disposable condominium buildings, making this grocery income, a perfect fit for the Urban Fare brand store of choice for several urban professionals and nearby residents • Diverse array of high-end hotels, restaurants, cafés and boutiques nearby
• Urban Fare has exercised renewals up to the • Only steps away from Vancouver’s Central Business District, making it a convenient year 2027 with built in rental steps location for picking up last-minute food and beverage items • Only 500 metres from Vancouver’s rapid transit system, providing direct access to Waterfront Station, Vancouver Airport and outer municipalities
• Centrally located and within close proximity to transit, restaurants, shopping, employment and amenities, making the area attractive to residents and businesses alike SALIENT FACTS
Civic Address 305 Bute Street, Vancouver, BC
Block 29 Plan BCP32770 District Lot 185 Land District 1 Land District SITE PLAN Legal Address 36 Of The Public Harbour Of Burrard Inlet Air Space Parcel 1 PID: 027-237-281 The Property is located on the corner of Bute and West Cordova Location Streets in Downtown Vancouver’s Coal Harbour neighbourhood, just steps from Harbour Green Park and the Vancouver Seawall.
Current Zoning CD-1 (419) Comprehensive Development
Parking 37 underground stalls
Improved with a 21,812 SF retail air-space parcel constructed circa Improvements 2007 as part of Delta Land Development’s Cielo tower. Net Rentable 20,481 SF Area
Net Operating Available upon execution of a confidentiality agreement Income Property Taxes $156,783.20 (2016) Assessed Value $13,175,000 (2017) FLOOR PLAN SIMON LIM* | 604 661 0882 JAMES LANG | 604 661 0868 JESSICA HATHAWAY | 604 694 7227 [email protected] [email protected] [email protected]
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