EASTERN ONTARIO LIMITED For Sale Investment Opportunity - Downtown Kingston 64 Barrack Street — PRINCIPALS ONLY — Kingston, Ontario • Located in the heart of beautiful downtown Kingston, close to retail, restaurants, offices, residential neighbourhoods and amenities such as the waterfront, Rogers K-Rock Centre, LCBO, Food Basics, Springer Market Square and City Hall • Part of Block 3 of the North Block District Concept Plan identified in the North Block District Community & Business Enhancement Opportunities Report (weblink provided inside) 613 542 2724 Offering Price $ 5,950,000.00 Estimated NOI $ 432,803.55 New 10-Year Lease Renewal with Good Life Corporation www.dtzeasternontario.com Investment Opportunity - Downtown Kingston 64 Barrack Street, Kingston, Ontario Offering An opportunity to purchase a fully-leased elevated 2-storey commercial building in the heart of downtown Kingston. Anchor Tenant GoodLife Fitness has been a tenant in the building since 2001 and has recently extended their lease until 2024. Annual Base Rent Contact Listing Broker Location The property is situated at the south-east corner of Barrack and Wellington Streets, just north of Princess and Queen Streets. Adjacent to the property (to the east) is a very busy LCBO store. Across the street is Food Basics and the Barrack “pay and display” municipal parking lot. To the south of the property is the Drury municipal parking lot having both monthly paid parking and “pay and display”. Parking Nearby municipal lots provide ample parking for tenants, their customers and employees: Barrack Lot: 120 spaces Drury Lot: 141 spaces Frontenac: 170 spaces Lot Size 0.42+/- acres Lot Frontages 138+/- ft on Barrack Street 133+/- ft on Wellington Street DTZ Eastern Ontario Limited Building Size 38,785+/- sf Construction • 2-Storey building with elevated basement level having above-ground windows • Split-face concrete block construction • Flat tar and gravel roof Zoning (H) C1-22 - North Block Central Business District, allowing for a broad range of commercial uses Official Plan Designation Central Business District PIN 360440119 Legal Description Lot 1-5 Plan A6 Kingston City; Part Lot 6-7 Plan A6 Kingston City Part 1 13R1863 and Part 1 13R5963; Kingston; The County of Frontenac; being all of PIN 36044-0119 (LT) Realty Taxes $100,447.71 (2014 final) North Block Development Plans For further information on the plans for development within the North Blocks, please see the link to “ North Block Community and Business Enhancement Opportunities (2009)” from the City of Kingston’s website: http://www.cityofkingston.ca/city-hall/projectsconstruction/north-block-strategy EASTERN ONTARIO LIMITED TENANT INFORMATION TENANT TYPE RENTABLE AREA LEASE EXPIRY RENEWAL OPTIONS Good Life Corporation Retail 26,726 sf March 31, 2024 None Office 5,444.6 sf March 17, 2017 None Office 5,867 sf May 31, 2017 None (occupies first and second levels) Kingston Community Health Centres (lower level - accessed from Wellington Street) H’art School of Smiles Inc. (lower level - accessed from Wellington Street) 38,037.6 sf 613 542 2724 www.dtzeasternontario.com EASTERN ONTARIO LIMITED For Sale Investment Opportunity - Downtown Kingston HOTEL DIEU HOSPITAL MONTREAL STREET BAGOT STREET 64 BARRACK STREET For more information, please contact: ET EN E STR KING STREET ONTARIO STREET QUE CONFEDERATIO N PARK TREET S S S E C PRIN CITY HALL BROCK STREET WELLINGTON STREET Scott Botting, B.Comm Sales Representative Peter Kostogiannis Broker of Record/President [email protected] [email protected] DTZ Eastern Ontario Limited, Real Estate Brokerage, Independently Owned and Operated The Royal Block Building, 420-366 King Street East, Kingston, ON K7K 6Y3 Although the information contained in this brochure is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. DTZ Eastern Ontario Limited, Real Estate Brokerage. DTZ1