Description

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