3.2 ACRES OF DEVELOPMENT PROPERTY

- Retail plaza
- Retail and multi-family mix
- Hotel/motel
- Professional offices
- Recreational Facility

- Level land, no creeks or easements
- 4 parcels
- All services to the lot line or across the street
- 3 residences

- Northeast corner of Langley Bypass and 56 Ave.
- No direct frontage on the Bypass Extension but lots of exposure
- One-half mile to the new casino/hotel/convention centre
- Approx. one mile to Langley Municipal Airport

- Langley Ice Arena to the north
- Kwantlen College to the northeast
- Multi-family projects both east and west
- New shopping centre on NW corner of Fraser Hwy and the Bypass Extension

- $3,190,000
- Approximately $23.00 p.s.f.
- Owners will grant time for feasibility study and, with payments, time to take through re-zoning process to 3rd Reading.

- Call Evan regarding traffic counts and demographics
- Taxes total $12,470 on the 4 properties
- Two separate owners

Location:
- North of No. 10 Highway and south of TransCanada Freeway, near 64th Ave.

Land:
- 1.67 acres with .69 acre building site (see plan)
-West portion is fisheries preservation property and under Restrictive Covenant

C 2 Zoning
- allows for: restaurants, pubs, offices, schools, retail stores and hotel.

- Adjacent to Home Depot and walking distance to Willowbrook Regional Shopping Centre,Wal-Mart, Save-On-Foods, Canadian Tire, London Drugs, many restaurants, various financial institutions and much more
- South of Willoughby Hill where approx 3,300 new homes are planned or already under construction.

Approvals:
Choice Hotels brand allotted and paid for, if required
- Development Permit granted
- Servicing Agreement signed
Access from 201 St. approved
- Fisheries and Environmental issues resolved

Plan, Studies and Reports available:
- Full set of plans (w/o mechanical drawings) for 60-unit, 4-storey, frame construction
- 1998 Market Study
- Servicing Agreement
- Restrictive Covenant

Price:
- Asking $649,000

Remarks:
- Next step is to apply for Building Permit, complete mechanical drawings and pay D.C.C.'s
- Development Cost Charges estimated at $55,558.00
- 63 parking stalls, 9 under building

- Approx. 111 ft. on 56th and 194 ft. on Production Blvd. (about 195th St.)

Light Industrial Zoning

- Allows for sales and service, manufacturing, auto repair, warehousing, coffee shop, training centres, public assembly

Location: - High visibility Front Corner lot on 56 Ave. and Production Blvd.

- On eastern edge of Surrey near Langley City

Access:

- Off Highway 10 along 56 Ave.

- 56 Ave is main through road between Highway and Langley City

Restrictions:

- Highway 10 Business Park is a controlled development

- Registered Building Scheme on title

Price:

- $395,000