1806-1814 Vancouver St

Office For Sale in Victoria, British Columbia

Pemberton Holmes Commercial is pleased to present this free-standing professional building 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 con-figuration has 3 units totaling over 4900 sq ft and is fully leased. The second-floor walk-up office space (both sides of the building) is leased to one tenant and the units at 1814 Vancouver can be easily demised into two separate units 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. (id:4069)
Address 1806-1814 Vancouver St
List Price $3,495,000
Property Type Office
Type of Dwelling Offices
Area British Columbia
Sub-Area Victoria
Year Built 1988
MLS® Number 893700
Listing Brokerage Pemberton Holmes - Cloverdale
Postal Code V8T5E3

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Kane Ryan

Pemberton Holmes

1007 Johnson St Victoria BC V8V 3N8

Office: 250-986-8900

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