Address
C&D 14916 104 AVENUE Surrey, BC
Price
$ 1,500,000
Property Attributes
  • ID#C8040995
  • TypeSingle Family
  • CitySurrey
  • NeighbourhoodGuildford
  • Postal CodeV3R 1M7
  • Style
  • Price$ 1,500,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Curtis Paulson with HomeLife Advantage Realty Ltd
Data Source:
RLP - CREA EN
Property Description

RETAIL STRATA INVESTMENT! An opportunity to acquire two tenanted retail strata units located in Guildford adjacent to Guildford Town Center Mall. Both strata units are combined and occupied by one long term restaurant tenant. Elvis Pizza has been in this location for 20 years and has been in business since 1977. Low maintenance investment opportunity with an NOI: $52,000 approximately for 2022 with an escalating lease which offers a better than 5% cap rate towards the end of the term. Lease rate contains annual increase provision at nearly 5% per year on average. There are 9 years remaining on the current lease, with a 5 year renewal option. This is an excellent opportunity for a high return, hands-off investment. (id:27)

Exterior Features

Jumpid 16445578

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in V3R 1M7

Price
AVG $1.5M
$1.5M
Visits
AVG 23
27
Walkscore
AVG 76
76
Data Provided by Walkscore ® not using MLS data