Exclusively Offered for Sale by Gentry Real Estate Services Limited
Property Description:Hunt Club Mews - Combined Retail/Office Complex
Gentry Real Estate Services Limited is offering for sale 2430 - 2440 Bank Street (Hunt Club Mews), a combined retail/office complex of approximately 40,000 square feet of rentable area with 165 parking stalls, situated on a fully developed 2.7 acre site.
Description of Improvements
This property is improved with three buildings totaling approximately 40,000 square feet of rentable area with 165 parking stalls.
2430 Bank Street is comprised of two buildings, one a single storey structure approximately 5,424 square feet on grade, and the other, approximately 17,035 square feet on grade with a second floor office component of 7,939 square feet. The second floor offices are accessed by an elevator and internal stairway. 2440 Bank Street is a single storey building of approximately 9,269 square feet divided into retail/restaurant/office areas. Total size of all buildings is estimated at 40,000 square feet including main and second floor lobbies.
Interior finish is generally similar throughout the subject, with grade level retail/office space featuring a combination of ceramic and vinyl tile flooring, drywall walls and drop acoustic tile ceilings. Grade level tenants have their own washroom facilities. Second floor office space is finished with broadloom, drywall walls, and drop acoustic tile ceilings. Second floor tenants have shared washroom facilities. None of the buildings possess a basement. Heat and air conditioning to the property are provided by gas fired, roof top mounted units. The improvements are all of similar construction and are finished as described in the construction details below.
Steel with Metal Studs and Drywall
Exterior Wall Finish:
Interior Wall Finish:
Ceramic, Painted Concrete, and Vinyl Tile
Flat Roof, Tar and Gravel
Typical Commercial Grade
Typical Commercial Grade
Copper and Plastic
Gas Fired Roof Top Units
Gas, Roof Top Units
Approximately 40,000 sq. ft. of rentable area with 165 parking stalls.
2430 Bank Street 2440
CON 3 RF PT LOT 5 RP5R 9413
5R10151 PT 2 LESS RP5R-10710
PART 1 RP 5R10710PART 5 RP
PART 6 RP5R10151 PARTS 3 & 4
Municipal Taxes (2017):
$ 206,431.82 (100% Recoverable)
Frontage of approximately 182.32 feet on the west side of Bank Street
Approximate frontage of 330.22 feet on the north side of Hunt Club Road
According to information supplied by the City of Ottawa Tax Department, the property has an irregular frontage of approximately 182.32 feet on the west side of Bank Street, and an approximate frontage of 330.22 feet on the north side of Hunt Club Road. The total site area is estimated to be 2.70 acres and is irregular in shape.
Accessed by 2 entrances off Bank Street & off Hunt Club Road
Property Location:Situated in the heart of Ottawa’s sprawling south end community, the property is located at the north-west corner of the intersection of Bank Street and Hunt Club Road. The site can be accessed by two entrances: One is off Bank Street, on the eastern portion of the site; and the other is off Hunt Club Road, along the southern boundary of the property.
Based on Gentry Real Estate Services Limited analysis of short and long term demand for commercial/retail property in the South Ottawa Urban Core, this property constitutes an excellent investment opportunity.
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Fred (Frederick) CrouchFRI ACoM CRES
Broker of Record