Geoduck, Sea Cucumber and Me

 

A Perfect Partnership - Asian Delicacy meets Western Knowhow

 

Luxury Asian Seafood Business with Land and Sea Ranch for equity sale

An rare opportunity exists to enter a closely guarded industry where Geoduck and Sea Cucumber licences are worth millions of dollars.

The proforma shows a very high yield on investment after an initial product grow out period. Investment of $20M will help to provide a $28M sustainable yearly harvest of the highest grade product.

The Principal, who is keen to invest in teaching and guiding the next generation of owners, is considered to be one of the world’s foremost authorities on Geoduck Clam Aquaculture. In 1977, he was a Founding Director of the Underwater Harvesters’ Association (UHA) and through many years of diving, harvesting and hatchery research, has an unsurpassed understanding of creating a healthy and productive sea ranch. 

 

The group owns and runs a shellfish aquaculture hatchery, built at a cost of $6M, and have the largest equity position in sub-tidal Geoduck aquaculture tenures in British Columbia.

 

These tenures are in various stages of development. Empty, the tenures have a market value of over $20 million. Their value has greatly increased due to successful geoduck planting and growth. Over the last three years, the hatchery produced over 6 million Geoduck seeds. Much of this crop has been planted and sold and currently covers over 20 hectares of the 89 hectare tenure. 

This program of planting is on-going and after the first eight year grow out period, the tenure is calculated to yield a $28 Million harvest per year. 

The hatchery also currently sells Oyster seed and is in the process of culturing Sea Cucumber, Cockle, Urchin and Scallop.

Macdonald Commercial are pleased to present for an investment of $20,000,000 the offering of an equity position in the following:

• 89 Hectare (220 Acre) Savary Island sub-tidal tenure and hatchery with multi-species hatchery license and associated 8 acre property on Victoria Island

• A Geoduck license, three Sea Cucumber licenses and the aquaculture tenure harvest (immediate return through supply of wild Geoduck and Sea Cucumber). A single Geoduck licence has a market value of $6M (there are only 55 licences available in BC).

Let it Grow, Let it Grow, Let it Grow

When two becomes three. 

28,800 square feet is created by a three lot land assembly on the strategic commercial corner in White Rock. There are great water views down Nichol Road and the site is ready to take a mixed use commercial development. 

A positive response is expected from the City planners as the site is not so close that it will detract from the town centre; the higher density will create much needed diversity in housing stock and the location helps create a walkable neighbourhood with less dependance on the car.

Three's Company

A great place to start your development journey.

Positioned on the topographical ridge of beautiful White Rock, the subject site of 19,073 SF is adjacent to the commercial area at 140th Street. There is a bus stop at the front door and an established mixed use retail and residential unit adjacent.

There are a number of options for development. Currently, a development proposal has reached third reading which will allow the subdivision of the two lots into three RS-4 lots to allow the construction of three well sized single family houses. Each of the three lots would 6,350 SF, with a lot coverage of 5% and FAR of 0.5. Legal suites would be permissible in each home.

For the more seasoned developer, the site may also be an excellent holding property for rezoning to a mixed use development with commercial retail units on the ground floor and residential apartments over.

Beautiful White Rock water just a few minutes away

.

One Huge Becomes Two Big

Site A: 1066 Bartholomew Road, 77.3 Acres $552,000

Site B: 668 Sutil Pt. Road, 140.4 Acres $445,000

Back to the beautiful destination known as Cortes Island BC, the property has become even more affordable. The owner is happy to sell the land holdings separately and all offers will be considered.

170 Acres - Equestrian Development Site For Sale

With a long history of helping to provide Canada’s river run of cedar and spruce logs, Squamish has evolved into the outdoor recreation capital of Canada, 45 minutes drive from its most beautiful city, Vancouver.

After much anticipation, Squamish’s premier development site has finally become available. This riverfront property is being listed for sale with zoning for up to 82 estate residential home building lots and a horse training centre.

Along with a luxury family home, each residential lot can contain a detached secondary suite.

The Equestrian Centre at the heart of the subdivision has virtually no size restrictions so that this development will achieve the level of exclusivity expected of a world class horse training and stud facility.

I am proud to be bringing the 169.51 Acres for sale to the development community for $16,000,000.

I look forward to creating with you a true 'destination' point for those who love and admire the elegance and beauty and skill of horses and their trainers.

The Magic Number is 7142

How do you encourage pioneering development?

High density may all make sense when you study the population, the surrounding facilities and the travel to work times, it is even environmentally sound, but how do you get the 'risk adverse developer' to look your way?

Well, at Delta in British Columbia, the City team have come up with a fascinating new strategy. Make life EASIER for developers. I know you will be a little confused by this concept, but its true.

BYLAW 7142 front page

 

The new Bylaw 7142 has three big incentives for the boys who like to build over thirty storeys high:

•  Property Tax exemptions for three years (can amount to over $2M in savings)
• 80 percent reduction in DCC's (Development Cost Charges)
• Waiver of building permit, plumbing permit and land use application municipal fees

Clearly, the Corporation of Delta is "open for business".  

In the end it is all about absorbtion speed

When you reach the speed of sound you hear a large bang or 'sonic boom'...called breaking the sound barrier, then again at mach two (twice the speed of sound). In real estate this is called selling off the plan...and it can be fast.

This assembly of property expecting to be rezoned for up to 7 :1 highrise density in the downtown core of North Delta, may well be one of those epic storeys of queues at the  display unit and rapid absorbtion.

When I first arrived here, I found that there was very little for seniors (who loved the area); for students (attending Kwantlen University) and young families who needed an easy commute either by bus or car to Vancouver (and be close to Costco). The bus interchange is opposite the site.

Local families rave about the safety and convenience of being close to Safeway, London Drugs AND the Cinema. With three Starbucks within walking distance it is already a true urban community meeting place.

This sketch is a visual aid to show one way to manage the interestingly shaped site, but you will need a locally registered BC Architect to capture your vision for the rezoning.

Do call me, if you are interested in the assembled property. At 7:1 FAR it is great value. The City recently approved a high rise at 4.6:1 a few blocks away but what we have here is a true downtown core site.