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691-701 Somerset St W 14,324 sq ft 100% Let Retail Property Ottawa, ON K1P 6P5 £2,607,929 (£182.07/sq ft) 5.48% Net Initial Yield

691-701 Somerset St W, Ottawa, ON K1P 6P5

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INVESTMENT HIGHLIGHTS

  • Investment opportunity with future redevelopment potential
  • 10,000 sf (approx.) available for lease
  • Substantial upgrades and improvements have been completed at the property and a complete list can be provided upon request
  • Three retail units on the ground floor are fully leased
  • Ample parking
  • Suitable for owner-user occupancy

EXECUTIVE SUMMARY

691-701 Somerset Street West is the one Chinatown’s most recognizable and identifiable commercial properties. Immediately visible from the Royal Gateway at Bronson Avenue this investment represents the opportunity to own a prestigious location, solid investment, and a site for potential redevelopment. The property is currently 100% leased.

ATTACHMENTS

691-701 Somerset Street West INTERACTIVE Marketing Brochure

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Shopfront Retail / Office
Property Size
14,324 sq ft
Costar Property Class
C
Year Built
1985
Price
£2,607,929
Price per sq ft
£182.07
Yield
5.48%
NOI
£142,893
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
1.89
Total Plot Size
0.17 ac
Use Class
TM[112] H(16) - Traditional Mainstreet Zoning
Parking
12 Spaces (0.84 Spaces per 1,000 sq ft Leased)
Frontage
96 ft on Somerset Street West

AMENITIES

  • Controlled Access
  • Corner Lot
  • Restaurant
  • Security System
  • Signage
  • Signalised Intersection
  • Outdoor Seating

LINKS

1 1
Walk Score®
Excellent pedestrian access (96)
Transit Score®
Excellent Public Transport (78)
Bike Score®
Ideal For Cyclists (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

The Famous Owl of Minerva
Tim Hortons
Second Cup Cafe
Starbucks
Crossfit
BMO
Bâton Rouge Grillhouse & Bar
3 Brasseurs
The Royal Oak
Hero Certified Burgers
(819) 303-8736

Still interested?

Contact the agents for more information about this property

CONTACTS

  • Listing ID: 22312474

  • Date on Market: 23/02/2021

  • Last Updated:

  • Address: 691-701 Somerset St W, Ottawa, ON K1P 6P5

The Westboro Retail Property at 691-701 Somerset St W, Ottawa, ON K1P 6P5 is currently available. Contact Avison Young Commercial Real Estate for more information.

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691-701 Somerset St W
(819) 303-8736 x

691-701 Somerset St W

Gillian Burnside
(819) 303-8736

Ron Milligan
(819) 303-8736

James Pero
(819) 303-8736

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