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222 Wellington St 1,796 - 4,877 SF of Retail Space Available in London, ON N6B 2L3
HIGHLIGHTS
- Prime Location
- Good Exposure
- Busy Intersection
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 102 | 1,796 SF | 1-10 Years | $17.92 USD/SF/YR $1.49 USD/SF/MO $32,182 USD/YR $2,682 USD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste Lower | 3,081 SF | 1-10 Years | $10.75 USD/SF/YR $0.90 USD/SF/MO $33,124 USD/YR $2,760 USD/MO | Triple Net (NNN) |
1st Floor, Ste 102
1796 SF Unit for Lease at 222 Wellington St, located in the heart of London, ON. This prime unit sits at one of the city's busiest intersections, directly in front of the new London Bus Rapid Transit (BRT) line. Previously operated as a cake shop, the space is equipped with a walk-in freezer and a large prep countertop, making it ideal for restaurants or cafes that do not require open-flame cooking. With BDC zoning, the unit supports a wide variety of uses, including restaurants, clinics, financial institutions, grocery stores, medical/dental offices, personal service establishments, and more. The net rent is $25 per SF, with an additional $8 per SF for other costs, totalling $4,939 per month plus HST and utilities. There is also the option to lease an additional 3,081 SF basement unit.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Prime Location
- Drive By Traffic
- Three Industrial-Sized Ovens
- Double Man Door
1st Floor, Ste Lower
This 3,081 SF lower-level unit was formerly used as a commercial bakery and is fully equipped with three industrial-sized ovens, two walk-in coolers, a freight elevator, two washrooms, and two offices. The elevator provides direct access to the main level, which includes a double man door for easy loading. Additionally, a 1,796 SF unit on the main floor is available for businesses seeking a retail storefront. For more information, see listing X12055964. Asking $15 Net + $8 Additional Rents. Monthly $5,905.25 plus HST and utilities.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Prime Location
- Drive By Traffic
- Three Industrial-Sized Ovens
- Double Man Door
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 4,877 SF | Year Built | 1984 |
| Property Type | Retail | Parking Ratio | 4.11/1,000 SF |
| Gross Leasable Area | 10,227 SF |
| Total Space Available | 4,877 SF |
| Property Type | Retail |
| Gross Leasable Area | 10,227 SF |
| Year Built | 1984 |
| Parking Ratio | 4.11/1,000 SF |
ABOUT THE PROPERTY
222 Wellington St, located in the heart of London, ON sits at one of the city's busiest intersections, directly in front of the new London Bus Rapid Transit (BRT) line.
NEARBY MAJOR RETAILERS
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222 Wellington St
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