Home > Property Listing > RESORT-330 Quebec Street
RESORT-330 Quebec Street
Victoria
Sale
• | The price to acquire this local landmark is now reduced by another 20%, effectively to just $44,000 per room, offering extraordinary value on such a superbly located resort property along Victoria’s Inner Harbour. The offering is for a long term leasehold interest with 41+ years remaining in the term and annual rents fixed at well below market rates |
• | The property comprises 135 guest rooms within several buildings located upon the prime 1.87 acre site in the heart of Victoria's Tourist District. This offering is for the long-term leasehold interest in the resort and represents a unique opportunity to acquire one of a handful of hotels located on the City's world-famous Inner Harbour. There are 42 years remaining on the lease and the current annual rent payable is $343,612 (just $4.10 per square foot of land).
The property offers distinct accommodation types, including 115 traditional rooms of varying sizes and configurations (47 with in-room cooking facilities) as well as 20 boutique bed and breakfast units, that accommodate popular demand segments of the downtown hospitality market. It also includes two restaurants (the Gatsby Mansion and Santiago’s, the latter being leased to a third party operator), a licensed 135 seat bar and grill, cold beer and wine store and other retail facilities.
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| PROPERTY DETAILS | LISTING DETAILS |
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| Detailed Description | Investment |
| Intersection | The subject is located next to the Legislative Precinct in historic James Bay |
| Zoning | BPT |
| Use | Resort |
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| Asking Price | $5,950,000.00
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| Total Size | 1.87 acres |
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CONTACT DETAILS |
| Listing Agent(s) | Agent Phone | Agent Email |
| Randy Holt | 250.382.3400 | randy.holt@dtzbarnicke.com |
| Griffin Lewis | 250.382.3400 | griffin.lewis@dtzbarnicke.com |
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