TABLE OF CONTENTS LIMITING CONDITIONS & DISCLAIMER 1 EXECUTIVE SUMMARY 2 AREA OVERVIEW 3-4 SPECIFICATIONS 5 SITE PLAN 6 BUILDING SPECIFICATIONS 7-8

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2 TABLE OF CONTENTS LIMITING CONDITIONS & DISCLAIMER 1 EXECUTIVE SUMMARY 2 AREA OVERVIEW 3-4 SPECIFICATIONS 5 SITE PLAN 6 BUILDING SPECIFICATIONS 7-8 EXTERIOR PHOTOS 9 INTERIOR PHOTOS 10 ZONING 11 LEGAL DESCRIPTION 12 CONTACT INFORMATION 13

3 LIMITING CONDITIONS & DISCLAIMER 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 Cushman & Wakefield Atlantic, 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. 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 Cushman & Wakefield Atlantic 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 and Cushman & Wakefield Atlantic undertake no obligations to provide the recipient with access to additional information. 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. REPRESENTATION BY THE MORTGAGEE BLG Canada Corporation is the mortgagee of the above-described property and is strictly limited in the representations it can make to Cushman & Wakefield Atlantic Limited or to any potential purchaser as to the physical and environmental conditions and specifications of the property. The sale of the property is on a as is, where is basis. Any agreement of purchase and sale must be approved by the Supreme Court of Nova Scotia. 1

4 EXECUTIVE SUMMARY 5 Colford Drive is a 5,000 square foot former self-storage facility recently operating as Dolphin Mini-Storage, located in the Eastern Shore Industrial Park in East Chezzetcook, Nova Scotia. The building is surrounded by an 8 foot fence with an electric sliding gate that is accessed by an electronic swipe card. The site is covered with packed down gravel and has been excavated to a flat/level surface. 5 COLFORD DRIVE, Civic Address Property Type Year Built 2007 Current Use Building Size Lot Size Premises Breakdown Zoning: Municipal Services Heating Type Electrical 5 Colford Drive, East Chezzetcook, Nova Scotia Pre-engineered steel (Olympia Steel Buildings) Self Storage Facility, Currently Vacant +/- 5,000 sf 1.45 Acres 40 Storage units accessed through sliding garage door I-3 General Industrial (Planning Districts 8 & 9 - Lake Echo / Porters Lake) Paved and gravel roads, open ditch storm and water collection system, no street lighting. N/A PID # Municipal Assessment Additional Features List Price $275,000 One electrical meter which powers lighting and fence $205,100 (2013 Commercial Taxable) Security cameras on all 4 sides of building Emergency phone at front of the building Electric gate and fully fenced yard 2

5 AREA OVERVIEW The subject property is located at 5 Colford Drive in the community of Head of Chezzetcook. Head of Chezzetcook is a rural community on the Eastern Shore Marine Drive Route beginning at the intersections of routes 107 and 207, near Porters Lake and West Chezzetcook, and continues along the Marine Drive to Gaetz Brook. The subject property is located 35 km from downtown Halifax and is easily accessible from Highway 107. Head of Chezzetcook contains a total population of 2,020 people, has a total dwelling count of 865 and a land area of 47 square kilometers. This rural community was once a major port of call for ships delivering supplies from the city to local gold miners and settlers as well as a popular clam fishing destination. These two industries are now extinct in the area and the community mostly consists of single family homes of older wood shingled cape and saltbox style houses along the shore. Newer modern bungalows and vacation homes have since sprung up in neighboring communities on Porters Lake and Lake Echo. LOCATION MAP 3

6 AREA OVERVIEW 5 Colford Drive is located in the Eastern Shore Industrial Park, which is a 125 acre park located 25 minutes from the downtown Halifax Core Business District via provincial Highway 107. Eastern Shore Industrial Park offers enterprises good quality graded and ungraded sites suitable for light manugacturing and commercial ventures. It has also assumed major importance as a strategic location for fabrication and as a staging facility for the rapidly expanding development of Nova Scotia s offshore oil and natural gas resources. The park currently consists of 5 other industrial buildings fronting Motts Drive and Colford Drive. The Industrial park is partly serviced by a paved on Motts/Colford Drive but turns into a gravel road at the intersection of Colford and Motts Dr. All of the 5 adjacent properties are all pre-engineered steel industrial buildings. 147 Motts Dr. The surrounding lands are mostly owned by Nova Scotia Business Inc. who purchased the lands in Motts Dr. NEIGHBORING BUSINESSES INCLUDE: 129 Motts Dr. 129 Motts Dr. - Peter Conrod Construction 137 Motts Dr. - Universal Manufacturing 147 Motts Dr. - Peter Conrod Construction 15 Colford Dr. - Atlantex Creative Works 30 Colford Dr. - Advance Laboratories Ltd. & IKM Testing Canada Ltd. POSTAL SERVICE The nearest postal outlet is located at the nearby Porter s Lake Superstore. 5 Colford Drive 15 Colford Dr. SECURITY The Musquodoboit Harbour Detachment of the RCMP provides protection. FIRE PROTECTION Provided by staff/volunteer complements of the Chezzetcook Fire Department. 30 Colford Dr. 4

7 SPECIFICATIONS SITE OVERVIEW 5 COLFORD DRIVE, Civic Address 5 Colford Drive, East Chezzetcook, Nova Scotia Lot Size 1.45 Acres (63,162 square feet) Zoning: I-3 General Industrial (Planning Districts 8 & 9 - Lake Echo / Porters Lake) Municipal Services Paved and gravel roads, open ditch storm and water collection system, no street lighting. Site Improvements 8 foot high fully fenced yard with sliding electric gate PID

8 SITE PLAN 6

9 BUILDING SPECIFICATIONS BUILDING OVERVIEW 5 COLFORD AVENUE Construction Style Pre-engineered steel (Olympia Steel Buildings) Age 2007 GLA +/- 5,000 sf Premises Breakdown 40 Self-Storage units Building Dimensions 50 x 100 Foundation Concrete slab Loading Each storage unit has one (1) metal roll up door Ceiling Height 9-10 throughout Roof Pitched metal Sprinkler System Not sprinklered Electrical Supply One electrical meter which powers lighting and fence Heating System N/A Plumbing System Additional Information N/A Security cameras on all 4 sides of building Emergency phone at front of the building Electric gate and fully fenced yard 7

10 BUILDING SPECIFICATIONS The building is a pre-engineered steel self storage facility situated on a concrete slab that is approximately 50 feet wide by 100 feet long. The facility was built in 2007 and contains a total of 40 storage units that are accessed through a sliding roll up garage door. The ceiling is 9 feet high towards the edge and 10 feet at the centre peak. STORAGE ROOM DOOR DIMENSIONS UNIT SIZE x7 50 sf x7 200 sf x7 50 sf x7 200 sf The building is equipped with security cameras on all four sides of the building as well as an emergency phone at the front of the building. The building has one electrical meter on the building which powers the lighting and fence. The building does not appear to have a washroom or plumbing and there does not appear to be a septic field on site. 8

11 EXTERIOR PHOTOS 9

12 INTERIOR PHOTOS 10

13 ZONING PART 19: I-3 (GENERAL INDUSTRY) ZONE 19.1 I-3 USES PERMITTED No development permit shall be issued in any I-3 (General Industry) Zone except for the following: Industrial Uses All industrial uses; and Offices, research facilities and wholesale and retail uses accessory to permitted industrial uses. Composting operations (refer to Section 4.26) (MC-Feb 26/96;E-Mar 28/96) 19.2 I-3 ZONE REQUIREMENTS: INDUSTRIAL USES In any I-3 Zone no development permit shall be issued except in conformity with the following: Minimum Lot Area: Central Services 6,000 square feet (557.4 m2) On-Site Services 20,000 square feet ( m2) Minimum Frontage: Central Services 60 feet (18.3 m) On-Site Services 100 feet (30.5 m) Minimum Front or Flankage Yard 30 feet (9.1 m) Minimum Rear or Side Yard 15 feet (4.6 m) Maximum Lot Coverage 70 per cent 19.3 OTHER REQUIREMENTS: INDUSTRIAL USES (a) Notwithstanding the provisions of Section 19.2, where uses are permitted as industrial uses, no building or structure or outdoor storage within any I-3 Zone shall be located less than one hundred (100) feet (30.5 m) from any existing dwelling or residential zone or watercourse. (b) Where any yard within an I-3 Zone abuts any property containing an existing dwelling or any residential zone, a fence or other visual barrier shall be provided within the abutting yard OTHER REQUIREMENTS: ACCESSORY USES Where uses are permitted as accessory to industrial uses, the proportion of the total building or structure space which may be used for accessory uses shall not exceed fifty (50) per cent of the gross floor area. 11

14 LEGAL DESCRIPTION ALL THAT CERTAIN lot of land on the southeastern side of Pettipas Drive in the district of East Chezzetcook, County of Halifax, Province of Nova Scotia shown as Lot 3A on a plan (Servant, Dunbrack, McKenzie & MacDonald Ltd. Plan No ) of survey of Lots 3A & Parcel B, Eastern Shore Industrial Park, Subdivision of Lot 3, Lands Conveyed to Small Business Development Corporation signed by Granville Leopold, N.S.L.S. dated November 21st, 1990 approved by the Development Officer for the County of Halifax January 23rd, 1991 and described as follows: BEGINNING on the southeastern boundary of Pettipas Drive at its intersection with the northeastern boundary of Colford Drive; THENCE northeasterly on a curve to the left which as a radius of feet for a distance of feet along the curved southeastern boundary of Pettipas Drive to a point of reverse curvature; THENCE northeasterly on a curve to the right which has a radius of feet for a distance of feet along the curved southeastern boundary of Pettipas Drive to the western corner of Parcel B; THENCE South 74 degrees 56 minutes 07 seconds East, feet along the southern boundary of Parcel B to an angle therein; THENCE South 63 degrees 45 minutes 42 seconds East, feet along the southwestern boundary of Parcel B to an angle therein; THENCE South 30 degrees 53 minutes 38 seconds East, feet along the southwestern boundary of Parcel B to its intersection with the northwestern boundary of Lot 2, lands as conveyed to Heritage Design & Woodworks Limited by Indenture recorded at the Registry of Deeds for the County of Halifax in Book 4693 at Page 42; THENCE South 62 degrees 00 minutes 52 seconds West, feet along the northwestern boundary of Lot 2 to its intersection with the northeastern boundary of Colford Drive, said point being distant 2, feet on a bearing of North 39 degrees 47 minutes 36 seconds East from Nova Scotia Coordinate Monument No. 5959; THENCE North 42 degrees 52 minutes 03 seconds West, feet along the northeastern boundary of Colford Drive to a point of curvature; THENCE northerly on a curve to the right which has a radius of feet for a distance of feet along the curved eastern boundary of Colford Drive to an angle therein; THENCE North 51 degrees 27 minutes 10 seconds West, feet along the northeastern boundary of Colford Drive to the place of beginning. CONTAINING 63,037 square feet (1.447 acres). ALL BEARINGS are Nova Scotia Coordinate Survey System Grid Bearings and are referred to Central Meridian, 64 degrees 30 minutes West. Subject to restrictive covenants as contained in a Deed from Nova Scotia Business Development Corporation to Nova Scotia Business Incorporated recorded at the Registry of Deeds at Halifax in Book 6920 at Page The parcel originates with an approved plan of subdivision that has been filed under the Registry Act or registered under the Land Registration Act at the Land Registration Office for the registration district of Halifax as Plan in Drawer

15 CONTACT INFORMATION For further information please contact one of the Cushman & Wakefield Atlantic Representatives below. TOM GERARD SENIOR REPRESENTATIVE DIRECT MOBILE FAX MAT HOUSTON COMMERCIAL SALES & LEASING DIRECT MOBILE FAX PHIL BOLHUIS COMMERCIAL SALES & LEASING DIRECT MOBILE FAX C&WA MAILING ADDRESS 5475 Spring Garden Road, Suite 601, Halifax, NS, B3J 3T2 WEBSITES C&WA Regional Website: C&W Corporate Website: SOCIAL MEDIA C&WA on LinkedIn: tc C&WA on Facebook: 13