$298,000

20488 FRASER Highway, Langley V3A4H8

Detached

Listed by: Evergreen West Realty.

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Description

An exceptional opportunity to acquire a well-known Korean buffet restaurant in the heart of Downtown Langley. The premises feature a fully equipped commercial kitchen with two commercial hood systems, offering outstanding flexibility for a wide range of restaurant concepts. Most food and beverage uses are permitted, making this an excellent opportunity for owner-operators or investors. The lease provides excellent long-term security with 5 years remaining, a 5-year renewal option, and an additional 5-year extension option beginning July 2025. The property also benefits from no demolition clause, ensuring long-term operating stability. Ideally located in a high-traffic commercial district with excellent visibility and strong customer exposure, this turnkey opportunity offers outstanding potential for continued success or conversion to another restaurant concept. (id:66934)

Location

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Property Details

Property Type	Detached
Sub Type	Business
Listing ID	C8072218

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20488 FRASER Highway, Langley
MLS® C8072218 · $298,000

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Defaults use the Bank of Canada's monthly average rates actually charged on new mortgage lending, including renewals and refinancing. Below 20% down uses the insured average; otherwise uninsured. Terms use the published 1–under 3, 3–under 5, or 5-years-and-over range, not an exact-term quote. These are volume-weighted chartered-bank averages published with a lag, not today's offers or a rate guarantee. New observations are checked automatically. Your available rate may differ.

Monthly payments use Canadian fixed-rate, semi-annual compounding. The term is the contract length; amortization is the repayment period. Renewal rates may change.

Assumes an owner-occupied Canadian home with one or two units, a traditional down payment and lender approval. Below 20% down, the estimate finances the standard CMHC premium, plus 0.20 percentage points for eligible 30-year amortization. Lender requirements may differ. Not for commercial, land-only or construction financing. Excludes property taxes, strata fees, utilities, home insurance and closing costs.

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