+/- 19,227 ft2
Unique opportunity for Investor or Institutional Organization to purchase 18 strata units in this mixed use building known as Park Central in the Guildford area of Surrey. The 18 units make up the entire second floor of this six storey building, with a front desk in the lobby of the 1st floor. The units are comprised of spacious 3 bedroom/2 bath and 2 bedroom/2 bath with balconies. The building amenities include a full gym, indoor pool and hot tub, and underground parking. The registered covenant is for “Extended Stay Hotel Units” which allows the units to be rented on a short term basis; daily, weekly, monthly up to 6 months. Potential for a 5%+ Cap Rate with strata rental or over 7% Cap Rate with daily/weekly rentals.