Vancouver real estate: investment company seeks to unload eight retail holdings at Robson Street condo for $23 million

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      An investment company wants to unload its retail holdings in Vancouver’s most popular shopping district.

      If purchased as a bundle, the eight properties total $23 million.

      Winmore Investments Ltd. owns all of the eight retail units on the ground floor of Robson Gardens, a condominium complex at Robson and Jervis streets.

      Based on initial online searches, Winmore Investments Ltd. appears to be a company either headquartered or incorporated abroad.

      There are web references to companies of the same name in Hong Kong, Samoa, and New Zealand.

      The retail spaces with addresses from 1274 Robson Street to 1296 Robson Street were listed on the market by Pacific Evergreen Realty Ltd.

      The properties vary in sizes.

      Prices range from$1,450,000 to $5,100,000.

      The listings started on December 3, 2020, and expire on December 31.

      Vancouver realtor and market observer David Hutchinson pays attention to listings like these.

      Hutchinson, a residential and commercial realtor with property management and commercial leasing qualifications, shared the listings with the Straight.

      “If these commercial properties have tenants currently paying rent, it may be a good time to sell,” Hutchinson said.

      According to the realtor, this is due to the COVID-19 situation.

      “I'm not seeing commercial retail properties increasing in value any time soon due to the current pandemic environment,” Hutchinson said.

      Hutchinson noted that the retail properties from 1274 Robson Street to 1296 Robson Street are good locations because these are on the street.

      Other retail spaces elsewhere are found inside malls.

      Regarding Robson Gardens, the BC Condos and Homes site indicates that the mixed-use residential and commercial complex was built in 1980.

      The development features an eight-storey building, with72 homes.