548 - 554 BEATTY STREET

Recommendations

Info

FOR SALE 548 - 554 BEATTY STREET VANCOUVER, BC SL1 - FIRST FLOOR / 4,433 SF SL2 / 4,636 SF FEATURES • Original brick & beam building, reconstructed from the ground up to an unparalleled standard • 16 foot ceilings and 3 foot thick granite party walls • Upgraded three phase power providing a useable 24 watts per sq. ft. • Dedicated server room with redundant cooling, and isolated electrical power • Three separate strata lots which can be demised easily at little cost • Dedicated and secure street front entrances • Roof top deck, balconies and newly improved green courtyard • Fiber connectivity • Operable windows SL1 - SECOND FLOOR / 1,158 SF SL4 / 1,237 SF STORAGE LOCKERS #1 #2
CROSSTOWN OFFICE STRATA THE OPPORTUNITY For the past 15 years Bardel Entertainment has called these 11,464 sq. ft. of loft offices home, of which one contiguous floor contains 9,069 of useable sq. ft. The tenant has successfully grown to over 600 employees, and as a result the Beatty Street space is available for the first time in many years. These brick and beam loft offices have 16 foot ceilings and three foot thick granite walls between adjacent buildings. Electrical power has been upgraded to a three phase service with 24 watts of useable power per square foot of space, and there is 24/7 multi zone HVAC including dedicated server room cooling. Located steps from the SkyTrain station, walking distance to numerous restaurants, adjacent parking lots for cars, and with storage for bicycles, this property accommodates the needs of an efficient business while appealing to employees and clients alike. Though the space is ideal for owner/users, investors will also see value in the increasing rental rates and low vacancies of the Crosstown market. With the flexibility to demise and the quality of construction, this is an ideal, stable long term investment with very little risk. The strata unit entitlement includes a 20% interest in the covered parking lot directly across Beatty Street. BUILDING HISTORY Constructed in 1906, the Property was built by a subsidiary of the Canadian Pacific Railway company to be used for dry good storage in support of the city’s emergent role as a maritime import-export hub. Five Fifty Beatty (as it was rebranded) became one of the first conversions from industrial space to loft office and residential in Vancouver, and was completed in 1981 by the late visionary architect/developer Robert MacIntyre. The high level of reconstruction of 550 Beatty St. can be put into perspective by the fact that the per square foot hard costs of the reconstruction were roughly double the cost of building a new concrete high rise building at the time. (A detailed description of construction is available.) AVAILABLE SPACE* 548 Beatty Street - Strata Lot 1 (4,433 SF + 1,158 SF) 5,591 SF 554 Beatty Street - Strata Lot 2 4,636 SF 552 Beatty Street - Strata Lot 4 1,237 SF Total Available Area 11,464 SF * The three strata lots will only be sold as a whole, not individually. ASKING PRICE Please contact the listing agents. DATA ROOM INFORMATION AVAILABLE • Title and Associated Charges • Existing Lease Agreements • Strata Financial Statements and Minutes • Strata Plans and Detailed Floor Plans • Extensive Property Photos • Zoning Bylaws STRATA LOT LEGAL DESCRIPTION PID PROPERTY TAXES (2015) STRATA FEES (2015) STRATA LOT 1 PL VAS1322 LT 1 DL 541 LD 36 006-517-757 $22,914.07 $2,039.51 STRATA LOT 2 PL VAS1322 LT 2 DL 541 LD 36 006-517-846 $16,820.71 $1,682.89 STRATA LOT 4 PL VAS1322 LT 4 DL 541 LD 36 006-517-862 $5,657.06 $460.79
Page 1: FOR SALE 548 - 554 BEATTY STREET VA

548 - 554 BEATTY STREET

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?