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Located on the northwest corner of Douglas Street and Yates Street in the heart of Downtown Victoria’s vibrant commercial core. The two buildings on site, constructed in 1894 and 1907, are in close proximity to restaurants, shopping, services and transit. The properties are leased on a long-term land lease basis until November 2064. Combined annual net income is $92,632. The property is zoned CA-3C (Old Town District), which provides for limited retail, office and residential uses. Due to 1300 Douglas Street being listed on the Victoria Heritage registry, there is potential for creative redevelopment options at lease expiry. Downtown Victoria features several amenities and tourist attractions including Victoria’s Inner Harbour, the provincial legislative buildings, and historic sites.
Colliers International is Canada’s largest commercial real estate services company, providing a full range of services to real estate occupiers, developers and investors. Services include brokerage, real estate management, valuation, consulting, project management, project marketing and research. Through a culture of service excellence and a shared sense of initiative, Colliers Canada and our more than 1,400 professionals integrate the resources of real estate specialists across Canada to accelerate the success of our clients. In 2013 alone, Colliers Canada concluded more than 4,600 sale and lease transactions on behalf of investors and occupiers totaling some $7.8 billion across Canada. Colliers also completed more than 1,400 property valuations in 2013 and currently manages 46.4 million square feet of space.