Property listed at 6990 VICTORIA DR in VANCOUVER.
Corner Income Commercial Building at the Prosperous Victoria Drive of great exposure is now for sale! Located on one of the most popular commercial corridor in Vancouver - Victoria Drive, in the great neighbourhood Killarney. At 3-way traffic intersection of Victoria, E 54th & Argyle. Easy access to central Vancouver & Richmond. Large amount of pedestrian and passengers, frequent bus-stop at door. Various convenient stores, supermarkets & restaurants nearby. It has great redevelopment potential. Approximately 2,500 SqFt retail unit is currently rent out to a Mediterranean restaurant. Gross rent is $42,000/mth. Tenant pay 50% water utility bill. Rent escalates each year. Lease term ends in September 2015 with a 5-year renewal option. Upstairs is a newly renovated apartment unit with 4 bdrms & 2 full bthrms. Nice & bright. Month-to-month tenant in place, monthly gross rent is $1,600/month. Signage income amounts to $2,500/annum gross. Both downstairs & upstairs have been substantially renovated recently.
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