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Bright second floor office space with large windows overlooking George Street. A mix of five private offices, boardroom, reception and storage. Newly renovated lobby and common areas, passenger elevator, and onsite Management. Private reserved underground parking available below the building with direct elevator access for $140 / spot per Month plus HST. The Rent is $2,740 per Month and this includes all utilities and TMI. (Parking if desired and HST are additional)
Ashlar Urban Realty Inc. (“the Advisor”) has been exclusively retained by Downing Street (120 Front Street East) Inc. (“the Vendor”) to coordinate the sale of a commercial property located on the second floor of 120 Front Street East in Toronto, Ontario (“the Property”). The Property is a 15,338 square foot, condo-titled, vacant office premise and 45 underground parking spaces (each parking space has its own title). The Property’s exclusive entrance, lobby and elevator are located directly off Front Street East. Parking is available to commercial users in the building’s underground parking garage. The Property is currently under refurbishment scheduled to be completed in Q4 2016. The Property is physically part of 25 George Street, a 10 storey, 42 unit, mixed-use condominium project. The project also contains approximately 5,600 square feet of retail space leased by Bulk Barn. 120 Front Street East has a dedicated separate entrance off of Front Street East that provides direct access into the parking and to the office. The Property is situated in a prime location on the north side of Front Street East, one block east of Jarvis Street. St. Lawrence Market is just footsteps from the Property, with the downtown core, amenities, and public transit in the immediate proximity. The Downtown East market is a desired location by users, as it provides non-traditional office space in a mixed-use node with close proximity to all amenities. Rate increases, cap rate compression, retrofit product and shortage of 10,000 to 15,000 square foot floor plates within this market presents the sale of the Property as a rare opportunity to own office space in Downtown East. The additional opportunity of acquiring exclusive parking in a well lit, secure separate parking level only accentuates the investment grade nature of this Property.