[Downtown Victoria] The Exchange Building | For sale

Found this on the Colliders website. 

Link below.

 

 

RETAIL FOR SALE

For Sale
Land Area : 7,168.00 SF
Building Area : 10,364.00 SF
Sale Price : $3,900,000.00

 

The Exchange Building

DESCRIPTION

This offering represents the opportunity to acquire one of Victoria's more ornate heritage designated buildings on Broad Street, known as the Exchange Building.

The Exchange Building is well positioned on the corner of Broad Street and Trounce Alley a tourist attraction with its hanging baskets shops and restaurants. Trounce Alley is privately owned by the four property owners that border the Alley and was opened in 1858 to allow access to Government Street.

 

FEATURES

• The building totalling 10,364 SF, is two stories with main floor retail and second floor offices
• constructed of heavy brick with mostly wood frame floor over a crawl space and heavy timber second floor and roof
• Four foot attic, which runs the front two thirds of the building
• The building was seismically upgraded in the late summer of 2010 at which time a new roof was installed including insulating the roof to R4O and completely reworking the roof drainage.

http://www.colliersc...93#.VfyGWxFViko

Interesting.

Chris Lefevre, are you seeing this, sir?

But he fixes up... that's been done to this one!

It's an interesting building alright. I can attest to the dirt crawl spaces, having crawled through them to deal with several issues in the restaurants downstairs. Overall it probably has 90% occupancy, with one small retail space and several offices available. The Vitamin shop leases the majority of the upstairs space for their considerable mail order business (2 mail trucks a day). Currently owned by a group of investors including John Keay of Keay architecture. They have done other upgrades including replacement of the building sewer main, which involved cutting a 6' deep trench through the middle of Tapa Bar. Upstairs is a bit dated but in good condition.