Investor Attention! Prime fully leased commercial/residential mixed use building located in the center of Aldergrove NCP.
The property is along Fraser Hwy and close to the intersection of 272 St. Convenient location with great traffic exposure. The 2-storey building is approx. 3877 SF. Ground floor commercial unit just signed new lease agreement in Aug. 2016, lease term is 5 years plus 5 years renew option. And second floor has three 2 bedroom residential units all rented out to good month to month tenants. Total net rental per year is approx. $40,000.
The property also in the core area of Aldergrove NCP were designated for 5-storey mixed use property with FSR equals to 2.
Excellent holding property for Future Development.