510 Yates Street

$2,580,000
For Sale



Description

Unique opportunity to acquire 100% freehold interest in a fully leased and revitalized heritage waterfront restaurant/office building located in the core of Downtown Victoria at the corner of Yates & Wharf. All three floors have been beautifully modernized with a combined total of approximately 4,952sf of net rentable area. New triple net leases with favourable rent escalations provide secure and stable cash flow in this historic and marquee income property.

Opportunity Highlights

  • Located in the heart of downtown Victoria’s restaurant district
  • 100% leased to three tenants with favourable rent escalations
  • Historic turn-of-the-century building with revitalized modern interiors
  • Unobstructed waterfront view from private, open concept second and third floors
  • Ample parking available across the street in the Yates public parkade
  • Outstanding curb appeal with high pedestrian traffic

Location

  • Victoria is the 7th most densely poulated city in Canada with approximetaly 4,400 people per square kilometer. The population in 2011 was 80,017.
  • The Property is located on the corner of Yates Street and Wharf Street. The downtown core lines the Gorge waterway, many ammenites and severcies a located less than 5 minute walk away , the property boasts a 98/100 walk score.

Location

510 Yates Street, Victoria, BC

Attachments

Agent

Patrick McEvay

Vice President

+1 604 998 6056
+1 604 789 0720

Contact

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