HIGH TRAFFIC VISIBILITY
COMMERCIAL PROPERTY WITH SEPARATE PARKING LOT
(LICENSED) 224 PATRON CAPACITY
(CD2.2) PROFESSIONAL OFFICES, MEDICAL FACILITIES, HIGHER-INTENSITY COMMERCIAL USES; FAST-FOOD, TAVERN/BAR, SIT-DOWN RESTAURANTS, OFFICES, AUTO SERVICES, REGIONAL RETAIL ESTABLISHMENTS WITH HIGH TRAFFIC VISIBILITY.
(INCLUDES BUILDING / CHATTELS + PARKING LOT)
ALL BIDS MUST IN ON OR BEFORE: 09/15/2021 @ 5:00pm EST
DESCRIPTION OF SALE:
THIS PRIME COMMERCIAL BUILDING WITH SEPARATE PARKING LOT WAS FULLY RENOVATED IN 2012. ADDITIONAL IMPROVEMENTS MADE IN THE LAST 2YRS. CURRENTLY BEING UTILIZED AS AN ADULT ENTERTAINMENT FACILITY. THE BUILDING IS TENANTED ON A MONTH-TO-MONTH BASIS (CURRENT LONG-TERM TENANT WILLING TO STAY). THIS PROPERTY IS LOCATED ON THE NORTH SIDE OF WYANDOTTE ST. EAST BETWEEN PIERRE ST. & PARENT AVE. APPROX. 10 BLOCKS EAST OF OUELLETTE AVE. (THE HEART OF WINDSOR’S DOWNTOWN) & CLOSE TO THE WINDSOR/DETROIT TUNNEL & LARGE U.S. CROSS-BORDER CLIENTELE.
ALL FIXTURES & OPERATIONAL CHATTELS. BUILDING HAS FULL COMMERCIAL KITCHEN, TWO COMPLETE BARS, RESTROOMS & SECURE OFFICES. WELL LIT & EQUIPPED STAGE & PERFORMANCE AREA. ALL 3 FLOORS ARE FULLY FINISHED & IN GOOD CONDITION.
Address: 1056 Wyandotte Street E. Windsor Ontario N9A 3K2
Property Type: 3 Storey / full basement - Licensed Tavern/Bar Facility + Separate Parking Lot.
Zoning: Commercial (CD2.2)
Capacity seating: Main Floor/ south area 135 : Mezzanine: 15 / Outdoor Patio: 80
Highest/Best Use: A Licensed Tavern/Bar Facility w/ Parking Lot
Building Size: Building Area- 35,850 SF (+/-) . Leasable Area- 35,000 SF (+/-)
Lot Size: 40.18’ x (113.35) 4,553 SF . PARKING LOT 66.66’ X IRREGULAR) 8,093 SF
Year Built: Unknown (Approximately 1920’s) Fully Remodelled in 2012
Building: Part Block 3 on Plan 231 for the City of Windsor, County of Essex, as in R942897;
Parking Lot: Lots 6 and 7 on Plan 478 for the City of Windsor, County of Essex
Taxes: 14,389.37/2019 TAX YR (Commercial Building & Parking Lot Inclusive)
Dwelling Type: 3 Storey Building
Exterior Finish: Brick/Stucco
Municipal Water: Yes
Heating/Cooling: Refer to Inspection Report
Heating Fuel: Natural Gas
Bidders can place a 'Trigger Bid' (pre-emptive) monetary amount only in the last 72 hours of a sale, giving all other bidders only an additional 24 hours to beat the 'Trigger Bid' placed. All bids must be in prior to the end of the sales event. AGENT/BROKER PROTECTED – CALL FOR DETAILS.
RESERVE BID $750,000.00 CDN
ROUP SALES EVENT CLOSES DATE: 08/16/2021 - 09/15/2021
A Buyer’s Premium is due, in addition to the successful bid price, calculated @ 10% of the successful bid price + HST.
Any Roup Sales Event can sell prior to or up until the close date of the event. Bidders can place a 'Trigger Bid' (pre-emptive in the last 3 days of the sale) monetary amount anytime during the sale, giving all other bidders only an additional 2 hours to beat the 'Trigger Bid' placed. All bids must be in prior to the end of the sales event.
All pending bids are subject for approval or being accepted by the Auctioneer. Only winning or trigger bids will be contacted directly.
Is required by 5:00 pm the following day after the fall of the Auctioneer's hammer (as per registration conditions. The successful bidder will provide a deposit in the amount of 10% plus HST payable to “Laing & Associates in Trust” on Thursday September 16th, 2021, at the close of auction, as well as sign an Agreement of Purchase and Sale reflecting the successful bid terms with a proposed closing date of Wednesday September 29th, 2021. The successful bid price will be exclusive of HST and the transaction will be subject to payment of HST, unless the successful bidder is self-assessing for HST purposes at the time of closing.
Contact Auctioneer for scheduled appointments to view - strict covid-19 procedures.
*All information noted has been researched to the best of our ability. However, all registered bids should verify and confirm all necessary information by their legal counsel and or any municipal authorities.
HARROW | TECUMSEH | WINDSOR | ON, CAN
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