6585+Sussex+Brochure
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High Density Metrotown Development Site INVESTMENT HIGHLIGHTS > One of the last RM5s high-rise sites on Beresford Street in Burnaby’s popular Metrotown Area > Prime 26,333 SF site with potential to assemble neighbouring properties > Immediate proximity to Metropolis at Metrotown and the Skytrain, providing 15 minutes to Downtown Vancouver > Located “top of the hill” with the potential for unprecedented views of Central Park, the North Shore and Mount Baker to the south. > Strong income to minimize holding costs SIMON LIM* Executive Vice President +1 604 661 0882 [email protected] COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 +1 604 681 4111 www.collierscanada.com 6585 Sussex Avenue Burnaby, BC CASEY WEEKS* Vice President +1 604 661 0811 [email protected] Beresford Street Central Park Metropolis at Metrotown Sussex Avenue Kingsway Imperial Street
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Transcript of 6585+Sussex+Brochure
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High Density Metrotown Development Site
INVESTMENT HIGHLIGHTS
> One of the last RM5s high-rise sites on Beresford Street in Burnabys popular Metrotown Area
> Prime 26,333 SF site with potential to assemble neighbouring properties
> Immediate proximity to Metropolis at Metrotown and the Skytrain, providing 15 minutes to Downtown Vancouver
> Located top of the hill with the potential for unprecedented views of Central Park, the North Shore and Mount Baker to the south.
> Strong income to minimize holding costs
SIMON LIM*Executive Vice President+1 604 661 [email protected]
COLLIERS INTERNATIONAL200 Granville Street, 19th FloorVancouver, BC V6C 2R6+1 604 681 4111www.collierscanada.com
6585 Sussex AvenueBurnaby, BC
CASEY WEEKS*Vice President+1 604 661 [email protected]
Beresford Street
Central Park
Metropolis at Metrotown
Sussex Aven
ue
Kingsway
Imperial Street
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This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). 2015. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver). *Personal Real Estate Corporation.
COLLIERS INTERNATIONAL200 Granville Street, 19th FloorVancouver, BC V6C 2R6+1 604 681 4111www.collierscanada.com
Broadway
22 Ave
Canada Way
Parker St
Hastings StHastings St
Renfrew St
Mcgill St Wall St
54 Ave
Kerr St
29 Ave
Rupert St
Joyce St
Willingdon Ave
Marine Way
Kingsway
Imperial St
Oakland St
Royal O
ak A
ve
Burris
St
Gilpin StMoscrop St
Sprott St
Edmonds
St
Kensington Ave
Holdom Ave
Sperling Av
e
Kensington Ave
Curtis St
Duthie Ave
Broadway
Winston St
6 Ave
16 Ave
8 St.
12 St
19 St
10 Ave 8
Ave
SW Marine Dr
Inlet Dr
River Rd
Arden Av
e
Gilmore Av
e
Boundary Rd
Boundary Road
Lougheed Highway
Renfrew Rupert
Gilmore
Brentwood
Holdom
Sperling
29nd Ave
Joyce
Patterson
Metrotown
Royal Oak
Edmonds
22nd St
Richmond
Burnaby LakeRegional Park
Simon FraserUniversity
Burnaby
To Airport
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NewWestminster
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Civic Address: 6585 Sussex Avenue, Burnaby, BC, Burnaby, BC
Legal Address:Lots 30- 32 District Lot 153 Group 1 New Westminster District Plan 1566PID: 010-985-808, 010-985-778, 010-985-735
Location:
The Property is located mid-block on Sussex Avenue between Maywood Street and Beresford Street in Burnabys Metrotown neighbourhood, just blocks from the Metrotown Skytrain Station.
Site Area: 26,333 SF
Improvements:The Property is improved with a 29 unit, three-storey wood-frame apartment building.
Current Zoning: RM3 (Multiple Family Residential)
OCP Designation:
The Metrotown OCP is under review by the City of Burnaby. There is potential that the Property will be designated RM5s with a base FAR of 3.4 with the ability to purchase 1.6 FAR as bonus density (5.0 FAR total).
Potential Gross Income:
$303,540
Stabilized NOI: $180,821
Gross Taxes (2014):
$38,999.24
Assessed Value (2015):
Land $3,423,000Improvement $2,087,000Total $5,510,000
CONTACT US
FOR SALE > High Density Metrotown Development Site
SITE PLAN
SIMON LIM*Executive Vice President+1 604 661 [email protected]
CASEY WEEKSVice President+1 604 661 [email protected]
