Prime Real Estate is pleased to offer for sale one of the best corners in London. This site represents a premium investment and/or development opportunity. The property is fully tenanted with flexible lease terms, offering the unique opportunity to structure/secure market tenancies or owner-occupy. One of the buildings, home of the beloved Four Seasons, offers a turnkey restaurant and reception hall in 4,630 SF with 4,630 SF in the lower level. The site also offers an investor the opportunity to add up to an additional 8,843 SF of retail space. The Official Plan designates this property as a Shopping Area which encourages medium to high density along with retail and mixed-use development. The favourable official plan designation coupled with nearby precedence uniquely positions this property as a high-density opportunity, offering versatility and considerable upside. The property features 351 feet of frontage on Fanshawe Park Road and 200 feet of frontage on Hyde Park Road with daily traffic counts of 21,500. The property is surrounded by active development and is already home to one of the most desirable neighbourhoods and rapidly growing demographics in the City of London. The contiguous 1.414-acre property (1491 Fanshawe Park Road) is owned by the same principals offering a potential land assembly of 3.098 acres for a high-density development. (id:47423)
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Detailed Information
Lot
351 x 209 ft
Amenities Nearby
Public Transit, Schools
Community Features
High Traffic Area
Features
Visual exposure
Listing Contract Date
2024-03-19
Location Description
The Property occupies the Northwest corner of the intersection of Hyde Park Road and Fanshawe Park Road.
Ownership Type
Freehold
# of Parking Spaces
121
Property Type
Retail
Transaction Type
For sale
Zoning Description
RSC2 RSC4 RSC5
Building
Basement Type
Full
Constructed Date
1993
Exterior Finish
Brick, Stone, Stucco
Foundation Type
Poured Concrete
Stories Total
1
Size (Exterior)
12005
Utility Water
Municipal water
Land
Total Size
1.684 acres
Access Type
Road access
Acreage
Yes
Amenities
Public Transit, Schools
Sewer
Municipal sewage system
Size of Irregular Land
1.684
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