21025 48th Ave - Sports and Entertainment FOR SALE
Langley, BC V3A 3M3 |
$45,000,000 CAD
604-640-5860
21025 48th Ave
Langley, BC V3A 3M3
HIGHLIGHTS
- Landmark golf asset featuring ±112 acres and more than 92,000 SF of improvements.
- Includes ±2 acres of near-to-medium-term and ±4 acres of long-term non-ALR development land.
- Diversified income stream supported by golf operations, banquet and wedding facilities, and rental revenue.
- Additional value from included golf equipment and on-site single-family residences.
OVERVIEW
Colliers and Cushman & Wakefield are pleased to present the opportunity to purchase Newlands Golf & Country Club - a premier 111.71-acre club with more than 90,000 SF of improvements. Improvements include an 18-hole championship golf course and executive course, banquet and wedding facilities for up to 700 people, the Newlands Care Centre and Montessori School, and a bar and grill restaurant with dining room.
FOR SALE DETAILS
PRICE
$45,000,000 CAD
PRICE/SF
$697 CAD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
21025 48 Avenue
PROPERTY TYPE
Sports and Entertainment
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
-
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
111.71 AC
LAND SF
4,866,088 SF
ZONING
P-2
APN/PARCEL ID
027-552-284
ASK ABOUT THIS PROPERTY
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604-640-5860
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604-640-5860
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
