224946064 1500000 /en/retail~for-sale~guildford-surrey/224946064?view=Summary /en/retail~for-sale~guildford-surrey/224946064/photos 49.1913500000 -122.8083600000 true
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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.MLS® Number C8040995
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- 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.
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