FOR SALEâConvenience store/ Residence 12990 72 Ave, Surrey BC
FOR SALE—Convenience store/ Residence
12990 72 Ave, Surrey BC
2 Storey free-standing building totalling 5,447 sq.ft.
10,6770 sq. ft corner lot
Zoned C-4
* May be sold In conjunction with neighbouring property (yellow border above)
Sat Swaich & Amar Dhaliwal 604-855-7393 [email protected] www.PPMT.ca
FOR SALE—Convenience store/ residence LOCATION 12990 72 Ave, Surrey
ZONING C-4—Comprehensive Development Zone
LOT SIZE 10,670 square feet
TOTAL AREA OF BUILDING Gross 5,447 Square feet
Exterior—East Exposure
PROPERTY TAXES $16,559 (2014)
AREA Located in Surrey’s most populated suburb, Newton, this property is strategically placed on the corner of 72 Ave and 130th St. It’s on the same block as a busy high-school and just west of the proposed light rail connecting North to South Surrey via street-level rapid transit.
PROPERTY DESCRIPTION Current major business is a convenience store with recent set-up to offer hot food (eat-in/take out) - currently offering Donairs but potential for other options. Supplementary income from U-Haul truck rental and moving supply. Above offers a renovated 5 bedroom residence with great opportunity for a live/work environment. Otherwise, potential for rental income. Minimal experience required to run this business—potential to grow! Currently owner operated & owner occupancy in the above residence.
Interior Convenience Store—Register
ASKING PRICE $1,499,900
Interior Convenience Store
FOR SALE—Convenience store/ residence ASSESSMENT VALUE BC Assessment Authority provides the following assessed values for the subject property: Gross Land:
$559,300
Gross Improvement: $666,600 Exempt Improve: 2014 Total:
($10,000) $1,225,900 Main floor -Office Area
NEIGHBOURING PROPERTY May be sold in conjunction with the neighbouring property located immediately south at 7181 130th St. 9239 sq. ft. residential lot zoned RF with a recently reno’d 900 sq. ft. rancher. Note current portion of neighbouring parcel used for additional parking for the subject property. Asking price: $549,000 MLS #: F1426639
RENTAL POTENTIAL Rental potential based on current Surrey rental rates. Market rent for convenience store at $25.00 ft2 triple net. The 5 bedroom residence is estimated at $1800/ month. Subject Rental Income: Tripe Net Basis Main floor: 3,300 sq. ft. x $25.00 triple net =
$82,500 per annum
Upper level residence: $1,800/month x 12 months = $21,600 per annum GROSS INCOME:
$104,100 per annum
Less: 2% maintenance
$2,040
3% Management
$3,060
Net Operating Income…………… $99,000*
*Strictly a projection based on current market/rental trends
FOR SALE—Convenience store/ residence
Interior Convenience Store
Interior Convenience Store
Interior C Store—Flowers/ Internet usage
Interior—Coolers/ Bank Machine
Interior Convenience Store—Donair
Interior Convenience Store
Interior—U Haul Services
Interior C Store—Cold storage flowers
FOR SALE—Convenience store/ residence
Exterior—South West Exposure
Exterior—South East Exposure
Above Residence—Living Area
Above Residence—Master Bedroom
Exterior—South Exposure
Exterior—Additional parking
Above Residence—Living room
Above Residence—Dining Area
FOR SALE—Convenience store/ residence DEMOGRAPHIC INFORMATION
SURREY PROPOSED LIGHT RAIL (Rapid Transit)
12990 72 Ave, Surrey BC
2 Storey free-standing building totalling 5,447 sq.ft.
10,6770 sq. ft corner lot
Zoned C-4
* May be sold In conjunction with neighbouring property (yellow border above)
Sat Swaich & Amar Dhaliwal 604-855-7393 [email protected] www.PPMT.ca
FOR SALE—Convenience store/ residence LOCATION 12990 72 Ave, Surrey
ZONING C-4—Comprehensive Development Zone
LOT SIZE 10,670 square feet
TOTAL AREA OF BUILDING Gross 5,447 Square feet
Exterior—East Exposure
PROPERTY TAXES $16,559 (2014)
AREA Located in Surrey’s most populated suburb, Newton, this property is strategically placed on the corner of 72 Ave and 130th St. It’s on the same block as a busy high-school and just west of the proposed light rail connecting North to South Surrey via street-level rapid transit.
PROPERTY DESCRIPTION Current major business is a convenience store with recent set-up to offer hot food (eat-in/take out) - currently offering Donairs but potential for other options. Supplementary income from U-Haul truck rental and moving supply. Above offers a renovated 5 bedroom residence with great opportunity for a live/work environment. Otherwise, potential for rental income. Minimal experience required to run this business—potential to grow! Currently owner operated & owner occupancy in the above residence.
Interior Convenience Store—Register
ASKING PRICE $1,499,900
Interior Convenience Store
FOR SALE—Convenience store/ residence ASSESSMENT VALUE BC Assessment Authority provides the following assessed values for the subject property: Gross Land:
$559,300
Gross Improvement: $666,600 Exempt Improve: 2014 Total:
($10,000) $1,225,900 Main floor -Office Area
NEIGHBOURING PROPERTY May be sold in conjunction with the neighbouring property located immediately south at 7181 130th St. 9239 sq. ft. residential lot zoned RF with a recently reno’d 900 sq. ft. rancher. Note current portion of neighbouring parcel used for additional parking for the subject property. Asking price: $549,000 MLS #: F1426639
RENTAL POTENTIAL Rental potential based on current Surrey rental rates. Market rent for convenience store at $25.00 ft2 triple net. The 5 bedroom residence is estimated at $1800/ month. Subject Rental Income: Tripe Net Basis Main floor: 3,300 sq. ft. x $25.00 triple net =
$82,500 per annum
Upper level residence: $1,800/month x 12 months = $21,600 per annum GROSS INCOME:
$104,100 per annum
Less: 2% maintenance
$2,040
3% Management
$3,060
Net Operating Income…………… $99,000*
*Strictly a projection based on current market/rental trends
FOR SALE—Convenience store/ residence
Interior Convenience Store
Interior Convenience Store
Interior C Store—Flowers/ Internet usage
Interior—Coolers/ Bank Machine
Interior Convenience Store—Donair
Interior Convenience Store
Interior—U Haul Services
Interior C Store—Cold storage flowers
FOR SALE—Convenience store/ residence
Exterior—South West Exposure
Exterior—South East Exposure
Above Residence—Living Area
Above Residence—Master Bedroom
Exterior—South Exposure
Exterior—Additional parking
Above Residence—Living room
Above Residence—Dining Area
FOR SALE—Convenience store/ residence DEMOGRAPHIC INFORMATION
SURREY PROPOSED LIGHT RAIL (Rapid Transit)
