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New property listed in Royal Heights, North Surrey

Property listed at 11779 96TH AVE in SURREY.
High traffic location! Great income investment property exposure to 96th Ave. and 117B St. have direct access to Scott Rd (Main Road). The property is surrounded by residential neighborhood, near school, bus stop, 5 min. drive to Skytrain, close to upcoming business park. The building is 1 level, separated into commercial & residential side w/approx. 4420 SF total area. 1620 SF unit leased to grocery store, lease term is 3 yr with two 3 yr renew options, started March 2011. Monthly gross rent is $2300. The 2800 SF residential side is divided into 2 levels, on the main floor is a 4 bedroom suite & on the lower level currently has an enclosed double garage. 5 parking place available plus open parking space. C4 zoning is intended to accommodate & regulate the development of local small scale commercial developments, suitable for retail, restaurant, personal service use serving the local area. Stable income with increased potential. Excellent holding property for future redevelopment. Call today for details
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