ClickCease


View from the patio
Status:
Active
Prop. Type:
Land Commercial, Retail
MLS® Num:
C8025543
Bus Major:
Food & Beverage
Bus Minor:
FB - Diner
Build. Type:
Condo Strata Complex
Waterfront fantastic investment property in False Creek. Current restaurant tenant has 10-year lease. The investment brings fantastic net income with 10% rent increase every 5 years. This Leasehold property has approximately 18 years remaining HOWEVER according to the Lease Document at the end of the cycle the City has to pay to the owner MARKET VALUE of the property or renew the lease! It is a fantastic opportunity. Please do not disturb the tenant.
Sale Type:
Asset
Property Type:
Land Commercial, Retail
Major Bus Type:
Food & Beverage
Minor Bus Type:
FB - Diner
Construction:
Wood Frame
Building Type:
Condo Strata Complex
Year built:
1976 (Age: 43)
Total Floor Area:
829 sq. ft.
Land Use/Zoning:
FCCDD
Taxes:
$6,060 / 2018
Storefront, Waterfront
Services Connected:
Electricity, Natural Gas, City Water
Water Supply:
Municipal
Env Assmt Phase:
None
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
  • Photo 1: 617 STAMP'S LANDNG in Vancouver: False Creek Land Commercial for sale (Vancouver West)  : MLS®# C8025543
    View from the patio
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Listed by Zolo Realty
Data was last updated July 18, 2019 at 07:10 PM (UTC)
Aker Real Estate Group
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