Commercial Land for sale

10227 King George Boulevard, Whalley, Surrey

$50,800,000 or
Commercial Land for sale in Whalley, Surrey, North Surrey, 10227 King George Boulevard, 224967599 | Realtylink.org
$50,800,000 or

Commercial Land for sale

10227 King George Boulevard, Whalley, Surrey

Features

Lifestyle
224967599 50800000 /en/commercial-land~for-sale~whalley-surrey/224967599?view=Summary /en/commercial-land~for-sale~whalley-surrey/224967599/photos 49.1887200000 -122.8460900000 true
Lot Size
67,950 sqft
Gross Property Tax
$583,013.30 /year
Zoning
C8
Permitted Land Use
Multifamily (5+), Retail
Water Supply
Municipal
Sewer/Septic
Municipal/Community
91

Description

COURT ORDERED SALE: CBRE Limited, as set forth in the Order for Conduct of Sale, is pleased to present the unique opportunity to acquire 10227 King George Boulevard - a significant redevelopment opportunity with holding income, only steps away from Surrey Central Skytrain Station. Permitted density on the Site under the current zoning designation (C-8) is 7.5 x FSR, however the owners have submitted an application to rezone the Site from C-8 (Community Commercial) to CD (Comprehensive Development) zoning, with proposed plans to develop a 679-ft., 746-unit residential tower with a seven-storey commercial podium and an eight-storey residential podium, for a total of 10.9 x FSR. The rezoning successfully achieved Third Reading in January 2023. The Property is currently improved with a 30,400 SF retail plaza, providing stable holding income in the meantime.
MLS® Number C8062530

Listing REALTORS®

Carter Kerzner, REALTOR<sup>®</sup>

Carter Kerzner

REALTOR®

CBRE Limited

Stirling Richmond, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Stirling Richmond

REALTOR®, Personal Real Estate Corporation

CBRE Limited

CBRE Limited,

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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