FOR LEASE - 712 Cormorant Street in Victoria, British Columbia

Sq Ft
1381
Recently acquired by Porte Communities and Reliance Properties - an award-winning Vancouver heritage developer - The Fairfield Block is about to undergo a full exterior revitalization that will restore this heritage building's street-front presence to its former glory.
The revitalization will restore both the Douglas and Cormorant Street sides of the building and create a unique, historic landmark - just steps from Victoria's newest high-end retail and office space - in what is quickly becoming Victoria's most vibrant, active, night-and-day neighbourhood.
LOCATION
Located directly across from Victoria City Hall, the Fairfield Block is ideally situated in a busy, high-pedestrian-traffic area, populated with well-employed government and public sector workers as well as the highly-active residents of the many up-market condominiums nearby including the Hudson, Hudson Mews and Hudson Walk.
Directly adjacent to the south of The Fairfield Block is 1515 Douglas, the city's newest Class A office development. Slated for completion in 2018 these two office buildings will be home to over 1,000 high-net-worth employees. This development is 100% pre-leased, to an impressive mix of government agencies and tech companies including bcIMC, Workday and Illumina.
OFFERING
Four (4) retail units are available along Douglas and Cormorant Streets, ranging in size from 1,354 sf to 1,506 sf. Units are situated on the west and south sides of the building.
FEATURES
* Each storefront has over 15 feet exposure along a main
walking and vehicle corridor
* Newly restored glazing as part of exterior revitalization plan
* Historic brick and beam building
* Units delivered in a shell condition
TAXES & OPERATING COSTS
Estimated at $10.30 psf, per annum (excludes electricity)
Plus 6% of basic rent as management fee