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777 Royal Oak Dr
4,106 SF of Office/Retail Space Available in Victoria, BC V8X 4V1
Highlights
- Wide variety of amenities and strong anchor tenants.
- Public outdoor covered and uncovered seating areas.
- Award winning shopping plaza.
- Underwent an $8.2m renovation in 2013.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 120 | 4,106 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor, Ste 120
Rare opportunity to lease prime retail space within Broadmead Village. With ease of access off of Patricia Bay Highway, this high traffic shopping plaza is anchored by very well-established tenants such as Thrifty Foods, Canadian Tire, and BC Liquor, to name a few. C-3L zoning allows for a multitude of retail, office, assembly, financial, and food and beverage uses. Broadmead Village is a very well put together and well maintained shopping plaza offering the surrounding community a variety of amenities as well as a central gathering place. As an award winning shopping plaza, it boasts Vancouver Island’s highest grossing Thrifty’s. Widened sidewalks, a dynamic fountain, an outdoor fireplace and an all-weather covered seating area encourage visitors to stay longer at this grocery-anchored shopping centre.
- Lease rate does not include utilities, property expenses or building services
- Mostly Open Floor Plan Layout
- Fits 11 - 33 People
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 777 Royal Oak Dr , Victoria, BC V8X 4V1
| Property Type | Retail | Year Built/Renovated | 1991/2013 |
| Gross Leasable Area | 128,000 SF |
| Property Type | Retail |
| Gross Leasable Area | 128,000 SF |
| Year Built/Renovated | 1991/2013 |
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Harry Jones -
Connor Braid -
William Wright Commercial
Presented by
777 Royal Oak Dr
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