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Shearwater House 70-72 George St 9,856 SF Retail Building Richmond $20,790,123 CAD ($2,109.39 CAD/SF) 7.65% Cap Rate

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Investment Highlights

Heavy daytime foot traffic
Close to local amenities

Excellent natural light

Executive Summary

The property comprises an extremely attractive and prominent mixed-use retail and office property, arranged over basement, ground and four upper floors. The retail accommodation at 70-72 George Street is arranged over basement, ground and first floor and provides approximately 7,691 sq ft (NIA) of uniform, well-configured retail space. The retail element benefits from a highly attractive and prominent retail frontage onto George Street, Richmond’s 100% prime retail location. Shearwater House is a Grade A office building arranged over ground and four upper floors, extending to approximately 11,060 sq ft (NIA). The office space has recently undergone a comprehensive refurbishment and extension to deliver a modern, contemporary working environment, designed to meet the demands of today’s occupiers. The specification provides high-quality finishes throughout, creating efficient and flexible floorplates suitable for a range of business uses. The offices benefit from a dedicated, self-contained courtyard and a separate entrance fronting the Green, together with a basement car park for 9 vehicles. The property is not listed but sits inside the Central Richmond Conservation area.

70-72-George-St-Richmond-Shearwater-House