BEDFORD HIGHWAY
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1 FOR SALE A DIVISION OF KELLER WILLIAMS SELECT REALTY BEDFORD HIGHWAY BEDFORD, NOVA SCOTIA MULTI-FAMILY 16 UNITS + 2 COMMERCIAL GRANVILLE LANDING APARMENTS TOM GERARD, SIOR, CCIM Real Estate Advisor tomgerard@kwcommercial.com KW COMMERCIAL ADVISORS Young Tower, Suite Young Street Halifax, NS B3K 5L2
2 EXECUTIVE SUMMARY Keller Williams Select Realty has been retained by 1195 BEDFORD HIGHWAY LIMITED, (the Vendor ) to facilitate a sale of the lands and building located at Bedford Highway, Bedford, Nova Scotia. This is a rare opportunity to acquire a high quality concrete constructed mixed use multi-family apartment and office complex on the Bedford Highway in Bedford, Nova Scotia. Property Type # Units / Unit Mix 4 Storey concrete Multi-Unit Apartment with 2 commercial offices 16 x 2 Bedroom apartments 2 x commercial office suites Underground Parking 1 level underground with 19 parking stalls + 25 surface stalls Age Built in 2007 Unit Mix 1 x ground floor commercial office suite at 1,739 sq. ft. 1 x second floor commercial office suite at 1,500 sq. ft. 8 x corner residential apartment units facing the rear in the 1,358 sf range 8 x interior residential apartment units looking north and south are in the 1,069 1,090 sq. ft. range Financing Treat as clear. List Price $3,600,000 / 5% Cap / $200,000 Per Unit 2
3 AREA OVERVIEW HALIFAX REGIONAL MUNICIPALITY The Halifax Regional Municipality (HRM) is the largest urban centre in Atlantic Canada with a population of 414,400 people (2014 census). As the provincial capital, it is primarily service-based and is the regional headquarters for most federal and provincial government departments and is the centre of the Atlantic Region's financial community. The service sector currently represents 85% of Halifax's GDP and employment. 3
4 AREA OVERVIEW - BEDFORD Located in Bedford a suburban community of Halifax on the northwestern end of the Bedford Basin, an extension of the Halifax Harbour. The subject property is located about 15 km from the Halifax downtown core. The area is suburban in nature, primarily serving as a bedroom community for the economic centres of Halifax and Dartmouth. However, Bedford has a well developed commercial and retail infrastructure with 2 Regional Shopping Malls - the Sunnyside Mall and the Bedford Place Mall as well as several other smaller retail strip centres and office buildings. The area immediate to the subject property is mixed use with primarily street frontage commercial along the Bedford Highway and single and multi family residential units on the secondary streets. Bedford Place Sunnyside Mall Eon Square Bedford West Bedford Basin To: Halifax Harbour 4
5 THE SITE Lot Size 30,041 sq. ft. Lot Configuration Rectangular in shape with feet of frontage. Site Improvements 25 paved surface parking. Attractively landscaped with concrete sidewalks and stone retaining walls. Site Services All municipal water and services, telephone, fire and police protection, Nova Scotia Power electricity and natural gas Assessment $2,122,400 (Residential) $745,700 (Commercial) Zoning CMC Main Street Commercial which allows for a mix of residential and commercial uses. Approval for the subject property was obtained via a development agreement with HRM in
6 BUILDING OVERVIEW 6
7 BUILDING OVERVIEW Construction Style 4 Storey multi-unit residential concrete and steel frame Building Size Above Grade - 31,724 sf Basement - 6,763 sf Age Built in 2007 Foundation Poured concrete Exterior Interior Walls & Ceilings Elevator Balconies Roof Underground Parkade Brick and cement fibre board with vinyl thermopane windows. Painted or stucco textured drywall gyproc. 1 x 5 stop Otis elevator servicing all floors. Concrete with aluminum railings. Modified bitumen flat room section. Asphalt shingled pitched roof section. Ornamental mansard roof areas. 1 Level secured underground with 19 stalls (included in rent) Storage Lockers 12 x storage lockers on basement level (included in rent) 7
8 BUILDING OVERVIEW - EXTERIOR PHOTOS 8
9 BUILDING OVERVIEW Unit Mix Unit Sizes 1 x ground floor commercial office leased to Trinity Financial Planning 1 x second floor commercial office suite leased to Bedford Orthopedic Health. 8 x corner residential apartment units facing the water side. 8 x interior residential apartment units looking north and south 1 x ground floor commercial office suite at 1,739 sq. ft. 1 x second floor commercial office suite at 1,500 sq. ft. 16 x 2 Bedrooms ranging from 1,069 sq. ft. 1,358 sq. ft. Residential Unit Features All units have balconies with tinted glass railings. Kitchens have oak cabinets with 3 appliances (fridge, stove, dishwasher) In suite laundry with washer and dryer. Air exchangers in each unit. 2 x 4 piece bathrooms Laminate and ceramic tile floors in units. Common Areas High quality carpet tiles in hallways Large well lit residential common hallways are carpeted with chair rails and have attractive 2 tone color paint. Commercial Unit Features Ground Floor - Trinity Financial Planning Attractively finished with laminate flooring and painted gyproc walls. Functional layout includes: reception, large boardroom, kitchen, 2 bathrooms and 5 private offices. Serviced with independent Heat Pump system. Second Floor - Bedford Orthopedic Health Improved with reception / waiting area, washrooms and several smaller doctor/patient consulting rooms. Suite has elevator access. Serviced with independent Heat Pump system. 9
10 BUILDING OVERVIEW - SUITE PHOTOS 10
11 BUILDING OVERVIEW Heating System 2 x NTI oil fired hot water furnaces Hot water baseboard radiators 2 x 250 gallon oil storage tanks in basement. Hot Water Tanks Electrical Fire Safety Hot water storage tank supplied by furnaces. All units are separately metered. (18 total) 125 amp circuit breaker in each unit. 1 House Meter for interior and exterior common area lighting. 800 amp, 120/240 volt main entrance. Fully sprinklered throughout. Building Security Secure building intercom system and swipe cards for controlled access
12 BUILDING OVERVIEW LEVEL 1 FLOOR PLAN
13 BUILDING OVERVIEW LEVEL 2 FLOOR PLAN
14 BUILDING OVERVIEW LEVEL 3 FLOOR PLAN
15 BUILDING OVERVIEW LEVEL 4 FLOOR PLAN
16 BUILDING OVERVIEW PARKING GARAGE LEVEL
17 2018 INCOME & EXPENSES 17
18 2019 PROJECTED INCOME & EXPENSES * PROJECTED REVENUE ASSUMES $50.00 PER MONTH RENT INCREASE ON ALL 16 RESIDENTIAL UNITS 18
19 LIMITING CONDITIONS The information contained in this package was obtained from the owners and other sources deemed reliable. However, no representations, declarations or warranties are given or implied by Keller Williams Select Realty, or the owner as to its accuracy or completeness and such information should not be relied upon by prospective purchasers without independent investigation and verification. NOTE: THE ENCLOSED BUILDING PLANS WERE TAKEN FROM THE HRM DEVELOPMENT AGREEMENT AND ARE NOT TO BE TAKEN AS THE AS BUILT DRAWINGS. This information package does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may require in determining whether or not to purchase the property. The owner and Keller Williams Select Realty expressly disclaim any and all liability for any errors or omissions in this package or any other oral or written communication transmitted or made available to prospective purchasers. This information package is for information and discussion purposes only and does not constitute an offer to sell or the solicitation of any offer to buy the property. The owner reserves the right to remove the offering from the market at any time and is under no obligation to respond to or accept any proposal or offer to purchase the property. 19
20 CONTACT INFORMATION TOM GERARD, CCIM, SIOR Real Estate Advisor KW COMMERCIAL ADVISORS Young Tower, Suite Young Street Halifax, NS B3K 5L2 20
21 KW COMMERCIAL ADVISORS KW Commercial Advisors, the commercial real estate division of Keller Williams Select Realty, is a Halifax, Nova Scotia based Commercial Real Estate Brokerage Team that provides real estate advisory services required by real estate Investors, Developers, Business Owners, Occupiers, Tenants and Financial Intermediaries. KW Commercial Advisers offers expertise in the Halifax, Nova Scotia Real Estate Market in Office, Industrial, Retail and Income and Investment properties. Extensive local market knowledge and experience combined with a proven track record in Asset Disposition, Project Marketing, Buyer and Tenant representation and consulting assignments, distinguish the Team at KW Commercial Advisors from its competition. Our mission at KW Commercial Advisors is to deliver practical and effective solutions to our clients real estate needs with the utmost care, professionalism and integrity. You have our dedicated real estate professionals assisting you throughout the real estate transaction - from start to the closing. Our seasoned professionals are able to offer more quality and individualized service to you in a faster and more attentive way. You will see and feel the difference when you experience our level of service and local market knowledge. To learn more about KW Commercial Advisors, please visit Keller Williams Realty, Inc. was co-founded in 1983 in Austin, Texas by Gary Keller and Joe Williams with the mission to build careers worth having, businesses worth owning and lives worth living for its associates. Today, Keller Williams is the largest real estate franchise company in North America, with approximately 900 offices and 170,000 associates in 31 countries around the world. In addition to exponential growth, the company continues to cultivate an agent-centric, education-based, technology-driven culture that rewards associates as stakeholders and provides clients with unrivaled real estate service. In 2017, Keller Williams was named the No. 1 training organization across all industries in the world by Training Magazine and has ranked in the top 3 training organizations for 3 consecutive years. 21
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Index 1. Photograph 2. Property Information - Preview Page - Property Overview - Site Analysis 3. Financial Information - Income & Expense Statement - Rent Roll - Utilities Breakdown - Commercial Real
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More informationSharmerob Manor. 53 Suite Apartment Building. For Sale. Prime Kitsilano Location West 3rd Avenue, Vancouver, BC
Sharmerob Manor 53 Suite Apartment Building 1929 West 3rd Avenue, Vancouver, BC Prime Kitsilano Location For Sale David Goodman 604 714 4778 david@goodmanreport.com Mark Goodman 604 714 4790 mark@goodmanreport.com
More informationMLS # Date DOM Price
MLS # 71276727 - New Single Family - Detached 34 Woodland Ave List Price: $325,000 Milford, MA 01757-3542 Worcester County Style: Colonial Color: Plum Total Rooms: 9 Bedrooms: 4 Full/Half/Master Baths:
More informationA FOR SALE OFFERING OF THE DELESSEPS APARTMENTS 1916, 1918 AND 2002 DELESSEPS AVENUE SAVANNAH, CHATHAM COUNTY, GEORGIA 31404
A FOR SALE OFFERING OF THE DELESSEPS APARTMENTS 1916, 1918 AND 2002 DELESSEPS AVENUE SAVANNAH, CHATHAM COUNTY, GEORGIA 31404 PRESENTED BY WHITLEY AND ASSOCIATES, INC. 800 COMMERCIAL COURT, SUITE TWO, SAVANNAH,
More information1B Commons Drive ~ Unit 9B~ Londonderry, NH
1B Commons Drive ~ Unit 9B~ Londonderry, NH Berkshire Hathaway Verani Commercial Services is pleased to announce the availability of ~For Sale~ 978+/- SF office / retail space Multiple private offices
More informationWelcome to 121 Vanier Way, Prestige in Bedford South
Welcome to 121 Vanier Way, Prestige in Bedford South Proudly presented by The Mariana Cowan Homeselling Team (902) 450-5752 mariana@supercityrealty.com www.marianacowan.com This distinctive home offers
More information2408 Territorial Road St. Paul, Minnesota
FOR SALE 2408 Territorial Road St. Paul, Minnesota Brian Doyle, Vice President DIRECT 952 837 3008 EMAIL brian.doyle@colliers.com Eric Batiza, Vice President DIRECT 952 837 3007 EMAIL eric.batiza@colliers.com
More informationHighland Medical Plaza 4390 N. Federal Highway Fort Lauderdale, Florida 33308
Highland Medical Plaza 4390 N. Federal Highway Fort Lauderdale, Florida 33308 Price $3.0 M Size 14,286 SF Price/SF $210 Tenancy Multi Built 1967 Stories 2 Julie Abolafia, CCIM Managing Director (954) 918-4902
More informationINVESTMENT / INCOME Office & Mixed Use Development 4 HIGHLAND AVENUE SCARBOROUGH, MAINE
INVESTMENT / INCOME Office & Mixed Use Development 4 HIGHLAND AVENUE SCARBOROUGH, MAINE KAREN RICH BROKER 207.210.6637 direct krich@malonecb.com CHERI BONAWITZ CCIM, BROKER 207.210.6638 direct cheri@malonecb.com
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FOR SALE INVESTMENT / OWNER-USER 7,164± SF Retail, Office, Residential 6,300± SF main building with retail & showroom on 1st floor and apartment on 2nd floor 864± SF heated garage & storage facility 1.5±
More informationRequest for Proposals to Purchase Package. Nathan Hale Hall (Formerly Nathan Hale Hotel) 833 Main Street Willimantic, Connecticut SB 09-06
Nathan Hale Hall (Formerly Nathan Hale Hotel) 833 Main Street Willimantic, Connecticut SB 09-06 Offer Due By: January 29, 2010 Issued By: State of Connecticut Department of Public Works 165 Capitol Avenue
More information1989 Building Type. No Living Area Ground Area. No Lot Size days PP/PR Accepted Cadastre Accepted Zoning
Diane Falardeau, Certified Real Estate Broker DYNAMIQUE IMMOBILIER Real Estate Agency 107, rue des Dunes Gatineau (QC) J8R 3R1 613-223-3962 / 819-243-3962 dyna@dynadf.ca http://www.dynadf.ca MLS. 8466813
More informationKevin J. Maher Homes by Emerson 1B Swanson Road Auburn, MA 01501
Kevin J. Maher Homes by Emerson 1B Swanson Road Auburn, MA 01501 Cell: 508-450-4219 Fax: 508-832-5890 E-mail: kjmaher2003@yahoo.com www.oakridgeleicester.com Site Plan COMMUNITY FEATURES: Mature Natural
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17,400± SF Special Purpose/Religious Facility 17 N Centre Ave Property Highlights Stained Glass Windows Two Wood Staircases Parking in Rear 2 lots Social Hall with Stage Kitchen Sanctuary w/ Pew Seating
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BUILDING SUMMARY 42 UNIT APARTMENT BUILDING 319 KNOX 1285 Martin STREET Street, White Rock NEW WESTMINSTER BC LIST PRICE $6,280,000 SUITE MIX: 42 units 3 Bachelors 33-1 Bedrooms 6-2 Bedrooms PROPERTY HIGHLIGHTS:
More information30 UNIT INVESTMENT PACKAGE
1150 S. Ventura Ave Springfield, MO 65804 PRESENTED BY: PROPERTY HIGHLIGHTS 30 UNIT RENTAL PROPERTY INVESTMENT DOOR PACKAGE! 16 Single Family homes and 7 Duplexes. 2, 3 and 4 Bedrooms available in this
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More information2-STORIES. Our 2-Story. American traditional WINSTON A. designed homes. boast of modern. spectacular floor. plans that create an.
2-STORIES Our 2-Story American traditional designed homes WINSTON A boast of modern spectacular floor plans that create an environment you and your family will enjoy for years to come. ALDENHAM A BRIDGEPORT
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More information15 Tanguay Avenue, Nashua, NH
15 Tanguay Avenue, Nashua, NH Berkshire Hathaway Verani Realty Commercial Division is pleased to announce the availability of executive office suites, with individual mailing addresses, at 15 Tanguay Ave.
More informationFOR SALE 111 Brockhouse Road
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More information10 Newbridge Ave, Woburn, MA 01801
MINI PROPERTY REPORT 10 Newbridge Ave, Woburn, MA 01801 Presented by Veronica McManus Thank you for trusting me to manage this important event! #55 1 Michigan Ave. Chicago, IL 60611 This analysis has not
More information1713 MAHAN DRIVE OFFICE
FOR SALE OR LEASE OFFICE 1713 MAHAN DRIVE OFFICE 1713 Mahan Drive Tallahassee, FL 32303 PRESENTED BY: CARLTON DEAN, SIOR, CCIMCIM Managing Director 850.524.2275 cdean@svn.com PROPERTY HIGHLIGHTS Excellent
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More informationFour Bedroom 2.5 Bath Colonial: The Grand Maple 2,319 sq. ft. Starting at $329,990
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More informationPrivacy in the City!! This Impressive 4 Bedroom, 4 Bath home is located in sought after Erin Mills South West with a fabulous Floor Plan.
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More informationWEST SIDE $ 3,100, Unit Apartment Building Suite Mix Bedroom 1 2 Bedroom
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More informationFREE STANDING WAREHOUSE WITH FENCED YARD AREA
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More informationOFFICE/RETAIL UNITS FOR SALE OR LEASE INVESTMENT OPPORTUNITY
INVESTMENT OPPORTUNITY MILL TOWNE COTTAGES HOSCHTON, GA Trey R. Bell 678.283.9834 treyrbell@kw.com Mill Towne Cottages is comprised of 12 separate buildings. Five of the twelve buildings are two story,
More informationFOR SALE EXCELLENT INVESTMENT OPPORTUNITY CLASS A CUSTOM DESIGNED 3 STOREY COMMERCIAL/RESIDENTIAL BUILDING
PROPERTY FEATURES 7 residential apartments located on second and third floor 1 commercial unit on the main floor Situated in Kingston s vibrant downtown, in and up-and-coming area next to soon-to-be apartment
More information$950/mo Modified Gross
1B Commons Drive ~ Unit 13A~ Londonderry, NH, For Lease Berkshire Hathaway Verani Commercial Division is pleased to announce the availability of Unit 13A at 1B Commons Drive, Londonderry, New Hampshire.
More informationBurnaby Hastings Street, Burnaby $4,100, Unit Apartment Building Suite Mix 1 Bachelor 15-1 Bedroom (2 PH) 5-2 Bedroom 1-3 Bedroom
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More informationCampbell River, BC MULTIFAMILY BUILDING FOR SALE
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More informationDog Lake Waterfront $274,200. Features Wild Life Lane. Kitchen Eating Bar. Exceptional View. Detached Garage. Updated Kitchen Cabinetry
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More informationNew Loft-Style Homes. In Downtown Des Moines Most Exciting New Neighborhood
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More informationAvailable: Investment Property WestView Apartments. :: 808 N. West Street Wichita, KS. Site. Real Estate Group
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