Cushman & Wakefield Ltd. Victoria, will be responsible for leasing the Metchosin elementary school at 4495 Happy Valley Rd. until Nov. 30, 2019. (Kendra Wong/News Gazette staff)

Tenants sought for Metchosin elementary school

Cushman Wakefield Ltd. Victoria will be responsible for leasing the space

The District of Metchosin has inked a deal with a commercial real estate company to rent out the old Metchosin school and get the most bang for their buck.

Cushman & Wakefield Ltd. Victoria, a real estate brokerage with offices on View Street, will be responsible for leasing the space at 4495 Happy Valley Rd. until Nov. 30, 2019. The space includes the school side comprising of a gymnasium, 10 classrooms, staff and change rooms, as well as washroom facilities, among others.

“My plan is to work with the District to find a quality tenant that fits their needs,” said Elizabeth Jane Mears, an associate with the brokerage, noting the site is currently zoned for assembly uses such as education and community care facilities, churches, retail stores and artist studios. “That will be our guiding tool when we look at leasing.”

RELATED: District completes purchase of Metchosin elementary school

There are a few ways the brokerage could go about leasing the 19,000-square-foot space, said Mears. It could rent to a single tenant or it could divide the building and lease it to multiple tenants.

So far, there have been a couple of parties that are “seriously” interested in leasing a portion of the site. Mears hopes to put a proposal before council by the end of the month, but it could take four to six months before the space is occupied, depending on if renovations are needed.

The Metchosin Arts and Cultural Centre Association, as well as the seniors centre and Metchosin soap works, among others that currently occupy part of the school will remain in the space.

RELATED: Residents in favour of Metchosin school purchase

“I think we’re going to see a really neat tenant mix and user groups for the community,” Mears said. “I think that having this site go from short-term tenancy and some community groups to a fully tenanted property … we’re going to see this as a bit of a changing tide for that area of Metchosin to have a bit more of a bustling, village feel to it.”

The District purchased the roughly five-acre property for $1.5 million from the Sooke School District last year. However, it was unable to secure provincial grant funding to help pay for part of the purchase, so the full amount was borrowed from the District’s general and police reserves – funds which must be replenished over the next five years.

Once the reserves have been paid off, the District can then look at using the facility for community purposes, including a sub-regional protective services training centre, theatre or expanding the arts space.


Like us on Facebook and follow us on Twitter

kendra.wong@goldstream

gazette.com

Just Posted

Stories from the old Edge dairy farm on Panama Flats

Emily Carr once offered a painting to pay her dairy tab

Runners invited to get set for the 40th annual Goodlife Marathon

More than 9,000 runners expected to pack Victoria streets in October

Noted playwright and Theatre SKAM team up on latest production

Charles Tidler interprets dozens of urban interactions in Victoria with 7eventy 7even

Moose Hide campaign takes message to Canadian schools

Campaign launches new K-12 education platform

Lost wedding ring found on Valentine’s Day

Dan Milbrath’s ring is back where it belongs

VIDEO: Thousands enjoy Family Day fun in Saanich

Cedar Hill Recreation and Arts Centre hosts Family Arts Festival

Lost a ring? This B.C. man will find it for you

Chris Turner founded The Ring Finders, an international directory of metal detector hobbyists

Poverty coalition has high hopes for B.C. poverty reduction strategy

Funding allocation expected to be released with 2019 budget

‘How did we get here?’: B.C. mom of transplant recipient worries about measles outbreaks

Addison, 7, cannot get a live vaccine because she has a heart transplant

Steelhead LNG stops work on Kwispaa LNG project near Bamfield

Huu-ay-aht First Nations ‘deeply disappointed; Steelhead says funding is the problem

NDP Leader Jagmeet Singh calls for public inquiry over SNC-Lavalin questions

Vancouver member of Parliament Jody Wilson-Raybould resigned from cabinet last week

Canadian airlines waiting for guidance from Ottawa over X gender option

Major U.S. airlines said they will change their process so passengers can identify themselves along non-binary lines

‘Violent’ B.C. man wanted on Canada-wide warrant

Prince George man with ties to Vernon sought by police

Homicide police investigate assault turned deadly in Surrey

60-year-old man died at hospital after assault

Most Read