Space

5,360

Square Feet

About Ground floor

The rare opportunity exists to lease 5400 square feet of ground floor retail / commercial space in a historic building in the heart of ‘Old Town’ Victoria. The Location: The subject building is conveniently positioned between Victoria’s popular Government Street retail corridor and the City’s Inner Harbour. This is without doubt one of the finest locations a tenant can reside. Just off Victoria’s retail mecca, Government Street, the area boasts many of the most popular restaurants and prestigious local and national retailers alike. This is also the core of the City’s entertainment district. Furthermore, the highest concentration of all amenities and services are within walking distance. Along the street from the building, the City operates an eight-storey parking structure. Famous Bastion Square is just down the lane. The recent revitalization of most of the buildings on the block is breathing new life into ‘Lower Yates’. The Building: The Humphreys building was constructed in 1891 and later added to in 1898. It is registered on the City’s Heritage Site Registry. Originally built with commercial shops on the ground floor and a two-storey hotel above. The front facade features elaborate brick detailing, rusticated granite lintels and an ornate cornice over the storefront and at the top of the building. During 2008, the building was completely redeveloped and now meets current seismic standards. Renaissance Lofts was a finalist in the Heritage Restoration category of the 2009 Victoria Commercial Building Awards. The Space: ‘Steamers Pub’ use to operate on the ground floor and there was a primary liquor licensed for 210 patrons. During their operation, Steamers had a lease with the City that permitted the use of an exterior patio accommodating 24 additional patrons. The interior of the retail space features the classic warm clay brickwork visible at the perimeter walls as well as a central bearing wall and archway. Heating and cooling by way of two new roof mounted HVAC system. The full ceiling height is approximately 12.5 feet for most of the premises. There is 400 amp, 3 phase power available in a separate electrical room within the premises. There is a possibility for additional power available. Plumbing utilities are to the premises. Rough in for telephone and internet to the premises. The space is fully sprinklered.

  • Base building
  • Est. Monthly Rent: $20,904
  • Size 5,360 SF
  • Frontage 40 ft
  • Type Retail
  • Gross Rent $46.80/SF
  • Base Rent $32.00/SF
  • Additional Rent $14.80/SF
  • Lease Direct
  • Availability Now
  • Last Updated Dec 22, 2015
  • Verified On Dec 22, 2015
  • Source Listing Contact

About Heritage Building

570 Yates is situated at the high traffic intersection of Yates and Government Streets. Formerly Steamers Pub and more recently Sitka. 570 Yates offers a premium opportunity for both retail and restaurants. The building is beautifully restored to reflect the grandeur of its 1898 Heritage. Old brick, beams and high ceilings create old world charm in the centre of the downtown core.

  • Property Type Retail
  • Status Existing
  • Total Available Space 6,892 SF
  • Direct Available Space 6,892 SF
  • Sublet Available Space 0 SF
  • Min Divisible 1,532 SF
  • Max Contiguous 5,360 SF
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