Expression of Interest - Restaurant Space for Lease: 1540 Old Bridge Street

Prime freestanding restaurant space for lease at 1540 Old Bridge Street (approx. 4,393 SF main floor & mezzanine and 1549 SF patio space)

CMHC Granville Island is offering a prime restaurant location for lease. This restaurant location offers an established walk by customer base in a scenic park location. We are looking for a locally owned and operated restaurateur to bring a new casual dining option to Granville Island’s food scene. Concept submissions should focus on an offering that will complement local consumers’ food and beverage interests and demonstrate a business model that promotes and/or improves the local food scene at an accessible price point.

The shortlisted candidate for this location will present:

  • a maximum 3 page executive summary of the concept including ownership and management structure and business concept
  • a high quality menu offering that aligns with local food and beverage interests (sample menu required)
  • a renovation plan for the interior and exterior of the space including conceptual sketch and proposed capital investment. (Note: the building is being turned over ‘as-is’ with the exception of Landlord work on the roof, doors and windows).

Estimated Minimum Rent: the greater of $37.00 PSF or 6% Percentage Rent on 4,393 SF

Estimated Additional Rent on 4,393 SF:

Estimated CAM & Garbage: $10.30 PSF
Estimated Water: $1.37 PSF
Estimated Hydro: $4.33 PSF
Estimated Gas: $1.25 PSF
Estimated Property Tax: $5.69 PSF

Total Estimated Additional Rent: $22.94 PSF

Availability: Vacant since December 1st 2017

Interested parties can email leasing@granvilleisland.com for an information package on the available space to assist you in your submission. Viewing of the space will be by appointment through the CMHC leasing staff only.

Please email your submission or any inquiries with the subject line “Expression of Interest – 1540 Old Bridge Restaurant Space” to leasing@granvilleisland.com. Any hard copy materials which you would like to supplement your online application with can be submitted to:

Attention:
Sabrina Lakos, Leasing Manager
CMHC Granville Island
1661 Duranleau Street, 2nd Floor
Vancouver, BC V6H 3S3

No privately or publicly owned chains or franchises will be considered.