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Dundas St. 1447 – SALE – EXCLUSIVE

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Dundas St. 1447 – SALE – EXCLUSIVE DUNDAS STREET FOR SALE COMMERCIAL HALE STREET DEVELOPMENT LAND 1447 DUNDAS STREET LONDON, ON PROPERTY OVERVIEW LOCATION OVERVIEW The Property is located on the southeast corner of Dundas Street and Hale Street, north of Highway 401. The Property is predominately surrounded by a number of national retailers including Subway, Wendy’s, Taco Bell, and Rexall. The London International Airport is 6.8 kilometres to the east and Highway 401 is to the south via the Veterans Memorial Parkway or Highbury Avenue North. DEVELOPMENT POTENTIAL The subject Property is zoned Associated Shopping Area Commercial Zone 13 (ASA4, ASA5) and is designated as Auto-Oriented Commercial Corridor by 14 the 1989 London Official Plan and Urban Corridor by The London Plan. The City of London approved The London Plan in 2016 however since then it has been appealed. As a result, when considering a new development 9 12 application, the City of London will consider both the 1989 London 7 8 Official Plan and The London Plan. With a site area of 16,114 square 6 DUNDAS STREET feet of land, and in-place zoning and official plan designations, the 10 Property can accommodate a boutique commercial development. 5 11 4 3 COMMERCIAL AMENITIES 2 PROPERTY DETAILS 1. Wendy’s 1 2. Highbury Ford Sales MUNICIPAL 1447 Dundas Street ADDRESS London, Ontario 3. Subway 4. Marvel Pizza HIGHBURY AVE N SITE AREA 0.370 acres | 16,114 square feet 5. Crabby Joe’s Bar & Grill 6. Forest City Vape PART LOT 8 PLAN 50 AS IN 8979EL, 21292EL; EXCEPT 7. Kings Meat Hub LEGAL 136589; “DESCRIPTION IN 8. 5 Star Dealers DESCRIPTION 8979EL, 21292EL MAY NOT BE 9. Furniture Source Warehouse ACCEPTABLE IN THE FUTURE” LONDON/LONDON TOWNSHIP 10. Rexall 11. Value Village Associated Shopping Area ZONING 12. Shoppers Drug Mart Commercial Zone – ASA4, ASA5 13. Forest City Surplus Canada The 1989 Official Plan – Auto- OFFICIAL 14. Tim Hortons Oriented Commercial Corridor PLAN The London Plan – Urban Corridor ASKING PRICE TAXES $4,800.13 (2020) $550,000 2 1447 DUNDAS STREET | LONDON, ON SUBJECT SITE HIGHBURY AVE HWY 401 OFFERING PROCESS Upon the Purchaser executing a Confidentiality Agreement, Imperial will provide the Purchaser access to a Confidential Data Room which will contain copies of relevant environmental reports completed by Imperial to date. The Vendor, Imperial Oil Limited (“Imperial”) will consider the submission of Expressions of Interest (“EOI”) on Imperial’s standard form, a copy of which shall be provided to qualified purchasers. Interested parties shall submit the EOI, after review of the information in the data room, on terms wherein the Purchaser agrees to complete a purchase of the property on the Vendor’s standard Offer to Purchase (OTP) form. All Expressions of Interest must be received by the Vendor’s Exclusive Agent, Cushman and Wakefield, on a date to be provided by the listing agent. EOI’s are to be delivered to: CUSHMAN & WAKEFIELD ULC, BROKERAGE c/o Dan Rogers & Jeff Lever 161 Bay Street, Suite 1500, Toronto, Ontario M5J, 2S1 All inquiries regarding the Property or any information contained in this brochure should be directed to the Advisor as exclusive agents for the Vendor. FOR MORE INFORMATION, CONTACT: JAMESON LAKE ANDREW JOHNSON Sales Representative Sales Representative 519 438 8548 519 438 8639 [email protected] [email protected] Cushman & Wakefield ULC, Brokerage 161 Bay Street, Suite 1500, DAN ROGERS** JEFF LEVER* Senior Vice President, Investment Sales Vice President, Investment Sales Toronto, ON M5J 2S1 416 359 2352 416 359 2492 416 862 0611 [email protected] [email protected] cushmanwakefield.com ©2020 Cushman & Wakefield ULC, Brokerage. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE. **Broker *Sales Representative.
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