$50,800,000
Est. payment /mo
30,403 SqFt
Active
10227 KING GEORGE BOULEVARD Surrey, BC V3T 2W6
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UPDATED:
09/28/2024 01:37 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Square Footage 30,403 sqft
Price per Sqft $1,670
Subdivision Whalley
MLS Listing ID C8062530
Annual Tax Amount $583,013
Tax Year 2024
Property 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.
Location
Province BC
Community Whalley
Area North Surrey
Zoning British Columbia Default Zone
Region Fraser Valley
City Region Fraser Valley
Building
Dwelling Type Land Commercial,Retail
Water Municipal
Listed by CBRE Limited
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