13541 King George Blvd, Surrey, BC V3T | 13541 King George Blvd
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13541 King George Blvd, Surrey, BC V3T 13541 King George Blvd
5,400 SF 100% Leased Retail Building Surrey, BC V3T 2V1 £2,090,083 (£387/SF) 3.09% Net Initial Yield
Executive Summary
Introducing a rare and lucrative investment opportunity in the heart of Surrey City Centre, right on King George Blvd - a standalone building with outstanding income potential and promising development prospects. This 7,920 square feet property features a meticulously remodeled 5,400 square feet building, currently leased to the City of Surrey with flexible renewal options, offering a versatile multi-tenant setup with three units. Renovations include a brand-new HVAC system, full commercial kitchen w/ Captive Aire hood and Walkin cooler, office, updated electrical infrastructure, flooring, and various other enhancements. The multitude zoning allowance includes commissary/satellite kitchen, restaurant, retail, assembly hall, recycling depot and more. With its proximity to an array of shops, restaurants, essential services, healthcare facilities, and educational institutions, this investment property is not only a sound financial choice but also an integral part of a thriving community.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,400 SF
Building Class
C
Year Built
1949
Price
£2,090,083
Price Per SF
£387
Net Initial Yield
3.09%
NOI
£64,653
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.48
Lot Size
0.26 AC
Zoning
CHI
Frontage
68 ft on king george Blvd
Amenities
- Signage
Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (84)
Bike Score ®
Very Bikeable (75)
Nearby Major Retailers
1 of 8
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13541 King George Blvd, Surrey, BC V3T | 13541 King George Blvd
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