This is an exceptional building, located in the JLC Block just east of Talbot Street and the John Labatt Centre. Fronting both Dundas Street and Covent Market Lane, this is an opportunity for an owner user seeking a dominant retail and/or office position in Downtown London. The building is opposite Kingsmill’s Department Store and is adjacent the Metro Hotel, London’s newest boutique hotel and there are incentives available from the City of London to assist with the redevelopment of this property.
Structure: constructed 1983, this is a steel web and concrete structure built to accommodate retail, office and light manufacturing uses**
(**not currently permitted under current zoning regulations).
Floor Plate: the building has an approximate area of 5149sf per floor (36.16 feet frontage, 142.42 feet depth) with three full floors, two of which are above grade.
Services: the building has an 800amp, 600 volt electrical system and is fully sprinklered (wet system) on each floor; the building is serviced by a 6” water line; HVAC is provided by four rooftop mounted heat pump units. The tenants are believed to be separately metered.
Finishes, Lower: the lower level is part retail area, part warehouse/storage;
Main: the main floor is finished for retail uses and has four tenants, two fronting Dundas Street and two fronting Covent Market Lane. There is access from Market Lane to the principal Dundas tenant.
Second: this is finished as part office fronting both Dundas and Covent Market Lane, and part warehouse.
- Category: Sale
- Price: $895,000
- Taxes: $27,633 (2012)
- Income: Derived from four retail tenants
- Area: Building Footprint of 5149 sf, GLA 15,447 sf
- Zoning: DA1
- Ceiling Height: Lower Level is 8’ and Upper Floors are 9’ (approx.)
- Traffic: 6500 Vehicles Per Day