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INVESTMENT HIGHLIGHTS
- Development potential
- Located in the heart of Kingston's "Hub" and steps from Queen's University.
EXECUTIVE SUMMARY
A 4,700 sq ft two storey commercial building located in the heart of Kingston's "Hub" and steps from Queen's University.
The property benefits from recent planning approvals to redevelop into a mixed use project containing 8 residential apartments.
The property also benefits from 10 parking spaces.
The existing commercial zoning permits a wide variety of uses including clinics, retail, restaurants, place of worship and grocery store.
The adjacent properties were recently rezoned and developed into 6-storey and 4-storey buildings with a total of 145 bedrooms, giving further density potential to the Buyer.
The property benefits from recent planning approvals to redevelop into a mixed use project containing 8 residential apartments.
The property also benefits from 10 parking spaces.
The existing commercial zoning permits a wide variety of uses including clinics, retail, restaurants, place of worship and grocery store.
The adjacent properties were recently rezoned and developed into 6-storey and 4-storey buildings with a total of 145 bedrooms, giving further density potential to the Buyer.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Shell Core
Property Type
Retail
Property Subtype
Shopfront
Property Size
4,800 sq ft
Costar Property Class
C
Year Built
1950
Price
£787,268
Price per sq ft
£164.01
Tenancy
Single
Number of Floors
2
Plot ratio
0.61
Total Plot Size
0.18 ac
Use Class
CA - Commercial - The existing commercial zoning permits a wide variety of uses including clinics, retail, restaurants, place of worship and grocery store.
Parking
10 Spaces (2.08 Spaces per 1,000 sq ft Leased)
Frontage
73 ft on Division Street
Walk Score®
Excellent pedestrian access (99)
Bike Score®
Good for cycling (89)
NEARBY MAJOR RETAILERS
1 of 8
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162 Division St
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