Space

2,952

Square Feet

About Unit 1

PRIME RETAIL/OFFICE LEASE SPACE in UPTOWN New Westminster. Spacious 2,952 Sq.Ft. (Approx.) street front strata unit situated on comfortable Belmont Street just off busy 6th Street where you find so much foot traffic as well as car traffic exposure. Parking includes street and parkade spaces. Located directly across the street from brand new 188 unit Viceroy Tower by Bosa and within mere steps to TD Bank, CIBC, Tim Horton's, London Drugs, and Starbucks as local anchor tenants. Royal City Centre is also just around the block. Convenient transit service is only minutes to 3 SkyTrain stations. Lease Rate $19.95/SF + Operating Costs $12.97/SF (estimated taxes and strata fees) The whole unit (3,402 SF) including the adjacent unit currently leased to Smokeshop (Approx. 450 SF) is also for sale at $1.588M which would generate a net income of $75,000 per annum or Cap rate of 5%. Contact the listing realtor now before it's gone!

  • Base building
  • Size 2,952 SF
  • Type Retail (Street front)
  • Availability LEASED
  • Last Updated Jul 31, 2016
  • Verified On Jul 31, 2016
  • Source Metro Edge Realty

About Belmont Tower

PRIME RETAIL/OFFICE LEASE SPACE in UPTOWN New Westminster. Spacious 2,952 Sq.Ft. (Approx.) street front strata unit situated on comfortable Belmont Street just off busy 6th Street where you find so much foot traffic as well as car traffic exposure. Parking includes street and parkade spaces. Located directly across the street from brand new 188 unit Viceroy Tower by Bosa and within mere steps to TD Bank, CIBC, Tim Horton's, London Drugs, and Starbucks as local anchor tenants. Royal City Centre is also just around the block. Convenient transit service is only minutes to 3 SkyTrain stations. The whole unit (3,402 SF) including the adjacent unit currently leased to Smokeshop (Approx. 450 SF) is for sale at $1.588M which would generate a net income of $75,000 per annum or Cap rate of 5%. Contact the listing realtor (604-360-9111) now before it's gone!

  • Transit friendly
  • Property Type Retail
  • Zoning C-3
  • Status Existing
  • Sale Price $1,588,000
  • Net Operating Income $75,000
  • Total Available Space 3,402 SF
  • Direct Available Space 3,402 SF
  • Sublet Available Space 0 SF
  • Min Divisible 0 SF
  • Max Contiguous 0 SF
  • Building Size 3,402 SF
  • Year Built 1960
  • Year Renovated 2010
  • Managed By Metro Edge Realty
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