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LOCATION: The Subject Property is located in the heart of Cloverdale, which is currently in the midst of a large scale Redevelopment Phase and has great business potential for the future.
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CLOVERDALE is a rapidly redeveloping area of Surrey with a long and historical past. It is home of the Cloverdale Rodeo, Racetrack and now a new Casino.
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IMPROVEMENTS: This is a 2 storey multi-tenant, free standing concrete retail-office building which was completed in 1992, with approxomately 7600 sq feet rentable space.
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RENTABLE SPACE: This building can be easily split in to 8 modulars if required and currently has 6 stable tenants with 200 sq ft available to be leased.
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ZONING: C15 Town Center Commercial. This Zoning provides for a wide variety of Commercial uses including Retail, Office and Eating Establishments.
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SITE SIZE: 8184 sq. ft rectangular property
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POTENTIAL NET OPERATING INCOME: $83,600 per annum
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POTENTIAL MANAGEMENT FEE REVENUE: $2500 per annum
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