Description

BLOOR WEST VILLAGE! Large but divisible 2nd, 3rd + 4th floor space in the heart of Bloor West Village currently setup for fitness use by a tenant who has signed a Landlord Control Letter whereby possession can be arranged within 30 days advance written notice. Located above the popular Fox & John Pub at the corner of Bloor St W & Kennedy Ave. directly across from Runnymede TTC station, Starbucks, Wingstop, Cobs Bread, Popeye's, CIBC & TD banks, No Frills grocery store & 400+ other shops & services in the local BIA. Lots of natural light pouring in through the large windows with multiple separate fitness rooms, changerooms including showers/toilets, massage area, or the space can be reconfigured to suit other permitted uses including office (zoning is CR2.5(c2;r2*1978 as per GeoWarehouse). Total available space on all 3 floors is aprx. 6,159 SF however the Landlord will consider leasing the floors separately with aprx. 3,147 SF on Floor 2 and aprx. 3,012 SF on floors 3/4 (the top floor is setup as a kitchen/staff room, with access to outdoor rooftop patio!). The minimum net rental rate is expected to start at $35.00 PSF + proportionate share of property taxes currently estimated to be $10.64 plus proportionate share of maintenance expenses currently estimated to be $6.58 PSF for total additional rent estimated to be $17.22 PSF) for a total of $52.22 PSF gross rent * 6,159 SF = $321,622.98 + HST per year or $26,801.92 + HST per month. Reasonable inducement requests such as net rent free period or tenant allowance may be considered for a new long term lease with solid financial covenant. Please do not visit the premises without prior written approval as the existing tenant & their staff much be notified 24+ hours in advance. This is an excellent opportunity for a fitness operator to rebrand with minimal expense to enter one of Toronto's premier shopping districts with bustling daily pedestrian & vehicular traffic (pay & free parking available on nearby streets).

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