HIGH QUALITY OFFICE/RETAIL BUILDING
915 Fort Street, Victoria BC
$3,900,000

A very appealing office/retail building located on busy Fort Street in the central downtown business district. The location is very accessible to all main roads and is within walking distance to the main business towers, conference centre, harbour, law courts and city hall.

Constructed of steel and concrete this 5 storey building has been well maintained and the rental units have been extensively updated. The modern bright offices, balconies, gated covered parking and location will always attract quality tenants. The design allows for multi tenant sub division if desired.

Fronting on the south side of Fort Street and the north side of Meares Street and two lots east of Quadra Street there is excellent metered parking on the road as well as the city parkade on View Street.

Legal Description: Lot "A" of lot 701 Victoria City, Plan 36187, PID 000-378-089

Lot Size: 6906 Square Feet

Street Frontage: Fort Street 61.08 feet / Meares Street 61.08 feet

Total Building Size: 23732 sq.ft. (excluding balconies)

Zoning: CA-42, Harris Green Commercial District

Age: 1981

Assessment:
2008
Land : $973,000.
Improvement : $1,734,000.
TOTAL: $2,707,000.

Property Taxes: $61,371. (2007)

Heating/Cooling: HVAC system. Roof mounted

Elevator: Montgomery

Parking: A very unique, desirable and costly amenity to build is the parkade accessed from Meares Street with 15 covered and secured parking spaces as well as 4 on site unsecured spaces.

TENANTS

• 13876 sqft = 88.1% of building
• 5 years, ending November 30, 2011
• $15.31 per sq.ft. - additional 5 year option
• $17,708.16 per month plus GST

*WCG International is owned by Providence Service Corporation
*Option to renew for additional 5 years at rate to be negotiated

SAIGON

• commenced July 1, 2005
• ends June 30, 2010
• July 1/07 to June 30/09 monthly rent = $1970.50
• July 1/09 to June 30/10 monthly rent = $2111.25

*Option to renew for additional 5 years at a rate to be negotiated

*The Gross Building square foot sizes have been estimated from the construction plans and the lease agreements have been used to provide the leased square footage. The gross square footage does not include the balconies.

*All information is deemed to be provided by reliable sources but it is not guaranteed by the seller or by Boorman Investment Co. Ltd. It is the buyers’ responsibility to verify all measurements, zoning, environmental, structural, mechanical issues and potential rent increase.

VIEWINGS EASILY ARRANGED

Ian Boorman
(250) 595-1535
www.ianboorman.com
ianboorman@shaw.ca