SALE 5 FLORENCE STREET LOWER SACKVILLE, NOVA SCOTIA FOR OFFICE / COMMERCIAL BUILDING 2,000 SF A DIVISION OF KELLER WILLIAMS SELECT REALTY

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1 FOR SALE OFFICE / COMMERCIAL BUILDING 2,000 SF A DIVISION OF KELLER WILLIAMS SELECT REALTY MAT HOUSTON mathouston@kwcommercial.com TOM GERARD, CCIM, SIOR tomgerard@kwcommercial.com BRIAN WOODS, ABR brianwoods@kwcommercial.com KW COMMERCIAL ADVISORS Young Tower, Suite Young Street Halifax, NS B3K 5L2

2 EXECUTIVE SUMMARY Civic Address 5 Florence Street, Lower Sackville NS PID # Property Type 2 Storey Office Building Construction Style Wood frame construction with brick masonry Age Approximately 40 years old First Floor - 1,000 sq. ft. Building Size 2 nd Floor - 1,000 sq. ft. Total MLA - 2,000 sq. ft. *Plus a 1,000 sq. ft. fully finished lower level Site Area 7,075 square feet Parking Premises Breakdown Zoning Assessed Value Assessed Owner Asphalt paved lot with parking for +/- 10 cars First Floor : 4 offices, reception/ open room and W/R. Second Floor: 4 offices, reception, open room and W/R. Lower Level: 1 office, open area, storage, kitchen, W/R, mechanical/electrical room PR Pedestrian Retail Zone Sackville Drive $291,000 (2015 Commercial Taxable) NOVA SCOTIA LTD List Price $389,900 / $ psf 2

3 AREA OVERVIEW The subject property is located on Florence Street, directly off of the busy thoroughfare of Sackville Drive, in the community of Lower Sackville. Lower Sackville is now one of the fastest growing communities in Nova Scotia located 30 minutes north of Downtown Halifax but still considered to be in the urban area of Halifax. The proximity to Halifax gives Lower Sackville the advantages of local employment opportunities and the infrastructure of a larger city, but lower housing prices in comparison to the Halifax peninsula and areas closer to the downtown core. Sackville is attracting a significant proportion of first-time homebuyers from the metro region. Initially, much of the work force was commuting to work in Halifax or Dartmouth but recent changes in the past decade have seen the community growing to boast about high employment rates, and the expansion of retail chains including Sobeys, Atlantic Superstore, Canadian Tire, Cleve's Sporting Goods, Dollarama and Giant Tiger. The commercial success of Sackville Drive has helped contribute to the community being a major business corridor and the street boasts an average traffic count of over 20,000 vehicles per day. 3

4 EXTERIOR VIEWS 4

5 BUILDING OVERVIEW Building Type Building Size Structure 2 Storey Office building 2,000 square feet (plus 1,000 sf lower level) Wood framed construction Exterior Brick, wood and shingle siding Roof type Age Interior Finishes Asphalt fibreglass shingles ~40 years old Dry walled walls and ceilings. A mixture of hardwood, laminate flooring and carpet. Heating & Cooling 1 st and 2 nd floor heated by oil fired baseboards and cooled with multiple A/C units LL contains electric baseboard heat and A/C unit Hot Water System Oil fired hot water tank Electric Recent Upgrades 3 x 100 amp, 120 / 240 volts, single phase power New flooring and windows 5

6 PREMISES BREAKDOWN The subject property is a two storey wood frames office building with a fully finished basement and onsite parking. This commercial property consists of two self contained office units on the first and second floor plus a lower level. Each floor is 1,000 square feet with the main floor connected to the lower level, which contains a back door and could be converted into a third unit. Floor: Size: Main Level 1,000 square feet Entrance off of the front parking lot facing Florence St. Contains 4 offices, reception/large open room, and one washroom. Heated with oil fired hot water baseboards and cooled with 4 A/C units. Recent upgrades include new flooring and windows Second Floor 1,000 square feet Entrance off of the front parking lot facing Florence St. with stairs accessing Unit. Contains 4 offices, reception, open room, and one washroom. Heated with oil fired hot water baseboards and cooled with 5 A/C units. Lower Level 1,000 square feet Entered from the main floor unit with additional entrance/exit from west side of the building. Contains 1 office, a large open room, storage room, former vault, kitchen, 1 washroom, and mechanical/electrical room. Heated with electric baseboards and cooled with 1 A/C unit. 6

7 INTERIOR VIEWS 7

8 SITE SPECIFICATIONS Lot Size 7,075 square feet Zoning Pedestrian Retail Zone (PR) Site Gradient The lot is generally flat and improved with a paved parking lot at the front and the back. Municipal services The site is served by municipal water and sewer and serviced by public utilities for electricity and telephone. Assessed Value $291,000 (2015 Commercial Taxable) Site Dimensions Site Improvements Florence Street: 71.5 feet Eastern Boundary: 71 feet Northern Boundary: 95 feet Southern Boundary: 107 feet Asphalt driveway and parking lot Concrete walkway with steel railings Easements / Right of Ways No Easements or Right of Ways known 8

9 ZONING The property is zoned PR (Pedestrian Retail Zone) in the Sackville Drive Land Use By-Law Permitted Uses 1. No development permit shall be issued in any PR (Pedestrian Retail) Zone except for the following: Commercial Uses Retail Stores Food Stores Offices Service and Personal Service Shops Health and Wellness Centres (NWCC-May 26/05;E-May 28/05) Banks and Financial Institutions Restaurants (full service and take-out) Commercial Entertainment Uses a maximum of m² (2,500 ft²) devoted to public use All Age/Teen Club) Funeral Parlours and undertaker establishments Bakeries/Café s Bed and Breakfast Guest Home Strip Mall/Shopping Plaza Motels, Hotels Automotive Repair Outlets within the area identified on Schedule C Outdoor Display Courts within the area identified on Schedule E Automotive Repair Outlet at 651 Sackville Drive (PID # ) Existing Commercial Recreation Existing Equipment Rental Existing Recycling Depots Existing Automotive Service Stations Existing Automotive Repair Outlets Existing Outdoor Display Courts Existing Car Wash Existing Restaurants (drive-thru) Existing welding, plumbing and heating, electrical, automotive, other special trade contracting services & shops Institutional and Community Uses Educational Institutions (including commercial schools) Denominational Institutions excluding Cemeteries Day Care Facilities Civic Buildings including but not limited to public office, post office, visitor information centre, fire station, police station, library, museum, and gallery Medical, Veterinary and Health Service Clinics; outdoor kennels associated with veterinary clinics are prohibited Community/Recreational Centre Community Parkland and Facility uses Residential Uses Existing Single Unit Dwellings Existing Two Unit (detached and semi-detached) Dwellings One and Two Dwelling Units in Conjunction With a Commercial Use Multiple Unit Dwellings Seniors Residential Care Residential Care Facility For additional information, see the Halifax Regional Municipality Land Use By-Law for Sackville Drive 9

10 CONTACT INFORMATION MAT HOUSTON TOM GERARD, CCIM, SIOR BRIAN WOODS, ABR KW COMMERCIAL ADVISORS Young Tower, Suite Young Street Halifax, NS B3K 5L2 10

11 LIMITING CONDITIONS The information contained in this package was obtained from NOVA SCOTIA LTD and other sources deemed reliable. However, no representations, declarations or warranties are given or implied by Keller Williams Select Realty or NOVA SCOTIA LTD as to its accuracy or completeness and such information should not be relied upon by prospective purchasers without independent investigation and verification. 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 NOVA SCOTIA LTD 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 NOVA SCOTIA LTD and Keller Williams Select Realty undertake no obligations to provide the recipient with access to additional information NOVA SCOTIA LTD 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. 11