Restaurant Space for Lease in Surrey
- Status:
- Active
- Prop. Type:
- Commercial Lease
- MLS® Num:
- C8062069
- Build. Type:
- Manufacturing
- Photos (10)
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Opportunity in highly sought-after Newton Industrial market of Surrey. Huge exposure on 128th street. Uses permitted are light impact industrial , industrial equipment rental, industrial first aid training, trade school, warehouse use, distribution center, office uses limited to- engineering & surveying, general contractor, government offices and utility company offices. Smoke shop, vape shop, hookah shop, tattoo parlor, cannabis shop or any other businesses like this are NOT permitted. Competing business- billiards/sign shop, mailbox rental/courier service, south Asian restaurant or catering, coffee shop- will NOT be permitted. Basic rent increases by $1.00 per square foot on lease anniversary date. The existing lease term expires February 28, 2027. Two renewal options of 5 years each to be negotiated directly with the Landlord. Sub landlord will not exercise renewal option. Gross monthly rent $4,708.33 + $1,224.17= $5,932.50 + GST
- Sale Type:
- Lease
- Lease Type:
- Net
- Lease Term:
- 30 Months
- Sublease:
- No
- Property Type:
- Commercial Lease
- Commercial Type:
- Industrial
- Construction:
- Mixed
- Name of Complex/Subdivision:
- Golden View Business Centre
- Num Storeys:
- 1
- Building Type:
- Manufacturing, Quasi Retail, Warehouse
- # Bldgs:
- 1
- Year built:
- 1993 (Age: 32)
- Leasable Area:
- 2,260 sq. ft.
- Subject Space Width:
- 20'
- Contiguous Spc:
- 2,260 sq. ft.
- Wrhse Size:
- 2,260 sq. ft.
- Minimum Divisible Area:
- 2,260 sq. ft.
- Title to Land:
- Leasehold
- Lot Area:
- 0 sq. ft.
- Zoning:
- Signup
- Potential to Redevelop:
- Yes
- Fencing:
- Signup
- # Of Parking Spaces - Total:
- Signup
- Road Frontage:
- Signup
- Road Surface:
- Paved
- Heating:
- Signup
- Electricity:
- Yes
- Services Connected:
- Curb/Gutter, Electricity Connected, Fully Serviced, Garbage Collection, Street Lighting, Sidewalk
- Sewer:
- Public Sewer, Sanitary Sewer, Storm Sewer
- Parcel Number:
- 300015430
- No
- 1 MONTH NET RENT
- No
- # Docks:
- 0
- # Grade Doors:
- 1
- # Loading Doors:
- 1
- Ceiling Height:
- 23'
- Water Supply:
- Public
- Water Rights:
- No
- Roof:
- Signup
- Potential to Redevelop:
- Yes
- Env Assmt Phase:
- No
- Cap Rate %:
- Signup
- Gross Income:
- Signup
- Oper. Expenses:
- Signup
- Other Income:
- Signup
- Effective Gross Income:
- Signup
- Net Operating Income:
- Signup
- Basic Rent per Month:
- 4708.33
- Additional Rent per Month:
- 1224.17
- Basic Rent per Annum:
- 56500.0
- Basic Rent per Annum per SF:
- 25.0
- Additional Rent per Annum per SF:
- 6.5
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Listed by Century 21 Coastal Realty Ltd.
Data was last updated April 8, 2025 at 02:40 AM (UTC)
- Karan Ghai
- REXARA REALTY INC
- 1 (778) 3173190
- info@karanghai.ca
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Copyright 2025 by the Greater Vancouver REALTORS®,
Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
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Surrey, BC, V3W 1R1