4472 HASTINGS STREET BURNABY, BC ±13,973 SF DEVELOPMENT SITE

4472 HASTINGS STREET
BURNABY, BC
±13,973 SF DEVELOPMENT SITE

LOCATION
The property is located on the southwest corner of Willingdon Avenue
and Hastings Street in the City of Burnaby.
Hastings Street is a major east/west thoroughfare which connects
Vancouver, Burnaby, Port Moody, Coquitlam and Port Coquitlam.
SITE DESCRIPTION
The site totals ±13,973 square feet with frontages on Hastings
Street of ±132 feet and on Willingdon Avenue of ±105 feet.
There is a City lane adjacent to the south property line.
SERVICES
All City services are available to the property line.
LEGAL DESCRIPTION
Lot “A” Except: Part Dedicated Road on Plan LMP27888;
District Lot 121 Group 1 New Westminster District Plan 69610
PID: 001-725-491
ZONING
C8a (Urban Village Commercial District (Hastings). The zoning
provides for a wide range of commercial and retail establishments
with medium density multiple family dwellings located above the
business premises.
ASSESSED VALUE (2018)
$5,152,000
PROPERTY TAXES (2017)
$66,318.20
ENVIRONMENTAL
The Vendor has conducted on and off -site remediation and
assessment work and anticipates obtaining a Risk Based Certifi cate
of Compliance for the site for Commercial Land Use by the middle
of 2018. The Vendor will provide a copy of the Risk Based Certifi cate
of Compliance to the purchaser prior to closing.
Upon prospective purchasers executing a Confi dentiality Agreement,
Imperial Oil will provide access to a “Confi dential Data Room” which
will contain relevant environmental reports and draft Certifi cates of
Compliance. Prospective purchasers are encouraged to review these
reports and certifi cates prior to submitting a Letter of Intent.
OFFERING PROCESS
The Vendor, Imperial Oil Limited (IOL), will consider the submission of
Letters of Intent (LOI) on IOL’s standard form, a copy of which shall
be provided to qualifi ed purchasers and a copy of which is contained
in the Confi dential Data Room. Interested parties shall submit the LOI
on terms conditional upon IOL providing a Risk Based Certifi cate of
Compliance for the site.
All Letters of Intent must be received by the Vendor’s Exclusive
Agent, Cushman & Wakefi eld ULC. It is the Vendor’s preference to
receive LOI’s on or before 3:00 pm April 6, 2018.
ASKING PRICE
The Vendor has elected not to establish an asking price for the
property.
E.&

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