A small retail space in Yaletown has sold for close to $3 million, William Wright Commercial reports.
The investment property is 1,736 square feet and is presently occupied by long-standing tenant, Blush Bridal. The current lease rates are far below market values and present investors will an opportunity to maximize income. The unit is located just a block from the Canada Line SkyTrain and next to Cactus Club Café and Hapa Sushi.
The property is located at 1189 Hamilton Street, Vancouver.
Breakdown:
Price: $2,960,000
Lot Size: 1,736 SF
Property Type: Retail
Zoning: HA3
2016 B.C. Assessment Value: $1,974,000
Date of Sale: 10/11/2017
City: Vancouver
Province: B.C.
Name of Brokerage: William Wright Commercial
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