A piece of New Westminster’s history is proceeding to a court-ordered sale on Dec. 2
The Westminster Club’s penthouse floor will be sold at a court-ordered sale at the Vancouver courthouse, as-is. An advertisement about the sale states that the owners’ asking price for the 7,429 square feet space was $1.975 million but the lenders’ price was $1.8 million.
The court-ordered sale will take place with no subjects and no warranties. Sealed bid offers for the land and premises are subject to court approval and must be accompanied by a deposit.
Westminster Club was a longtime fixture in the penthouse of the Westminster Building at 713 Columbia St. Formed in 1889, the business and social club had been located on the top floor of the Westminster Building since it opened in 1922.
In May 2012, the Westminster Club's penthouse floor was listed for sale at $2.15 million.
"It was a painful decision to come to," club president Allen Domaas told The Recordat the time. "In the end, it wasn't hard. We had been taking progressively larger mortgages to get some capital to refurbish.
As membership declined through the decades, the club spent less money on upkeep of its penthouse premises. A decision was made that in order to attract more members, the space needed to be refurbished but the club wasn’t able to secure a new mortgage at a reasonable rate that would allow it to move forward with the next phase of its renewal program, and decided to put its floor up for sale.
Anyone wanting information about the sale can go to www.westminsterclub.com or email [email protected].
