KINGSWAY INVESTMENT PROPERTY
1055 KINGSWAY, VANCOUVER, BC
Prime Location
$ 5,749,000
SUMMARY
- Well maintained building
- Underground parking
- Excellent exposure
- Zoning: C-2
- Lot size: 6,039 SF
- Building Area: 9,059 SF
- 4.3% cap rate
- Assembly potential
- Owner user potential
Overview
The property is available for both owner users or investors. If an owner user is interested, the seller can vacate within six to twelve months. If an investor is interested, the seller will lease back for a 3 year term at $247,500 per annum with a 3 year option to renew.
The building is located on the north side of Kingsway between Fraser and Kingsway. The north side has ample parking with free parking after 9:30 am. There are also 10 secure underground parking stalls and three additional stalls in the rear.
The property is minutes away for Savio Volpe, Les Faux Bourgeois, Sal y Limon, and many other independent restaurants and businesses. The property is a block away from Charles Dickens Elementary School.
Both floors are currently tenanted by Sharon’s Credit Union. The property has 4,406 square feet of retail space on the ground floor and 4,653 square feet of office space above. The building has been very well maintained and is in excellent condition.