SOLD!
THIS PROPERTY IS NOW FOR SALE BY PRIVATE NEGOTIATION
*please scroll to the bottom of this page for Property Information Package documents*
77,775 SQ. FT. INDUSTRIAL BUILDING, INCLUDING 15 & 5 TON BRIDGE CRANE
AND 7.63 ACRES OF LAND ADJACENT TO RAIL LINE
(FORMER STEEL FABRICATING PLANT OF BANKRUPT)
"CONTRAN MANUFACTURING (1982) LIMITED"
AT 45 YARMOUTH ROAD, ST. THOMAS, ONTARIO, CANADA
(JUST SOUTH OF LONDON, HALFWAY BETWEEN TORONTO AND WINDSOR-DETROIT)
Please Note: There will be NO Buyer's Premium in effect for this sale.
Inspection Dates: View by appointment only
LOCATION: The property is located in Southwestern Ontario, in the well-developed eastern industrial section of the City of St. Thomas, 13 miles south of Highway 401 • Approx. 18 miles south of London, 120 miles west of Toronto, 120 miles east of Windsor-Detroit, and 9 miles north of Port Stanley, a deep water harbour on the north shore of Lake Erie • The property has good access to Canadian and U.S.A. major road, rail, water, and air transportation routes • The property is situated between Yarmouth Rd. and Gaylord Rd., just north of Talbot St. (formerly Highway No. 3), the main commercial east-west thoroughfare through the centre of St. Thomas, and just south of the St. Thomas Expressway (Hwy. No. 3 Bypass) • There is a rail line directly south of the property, and numerous rail lines in the area
LAND: The land area is /- 7.63 acres (effective land size per Municipal Property Assessment Corporation Report) • There are two road frontages: /- 460.4' on the east side of Yarmouth Rd., and /- 388.36' on the west side of Gaylord Rd. • Side dimensions are /- 748.88' and /- 745.45' • /- 2.29 acres are asphalt paved, c/w lighting • There is a chain link fence around the yard and bldg. • Legal Description Is: Plan 245, Lots 4, 5, 10, and 11, City of St. Thomas, County of Elgin • Municipally known as 45 Yarmouth Rd. • Access to the site is by driveways from Yarmouth Rd., and Gaylord Rd. • There are extensive areas for vehicle parking, outside storage, and expansion, etc.
BUILDING: A free-standing, industrial manufacturing/warehouse bldg., having a total area of /- 77,775 sq. ft. • The bldg. includes a 15-ton cap. Shaw-Box double-girder, top-running bridge crane, c/w a 5-ton cap. auxiliary crane, having an approx. 60' span and 200' runways • The building may suit subdivision for multiple users • Plant area is on one floor • Office area is approx. 10% of bldg. area, on two floors • There is approx. 76,595 sq. ft. on the 1st Floor, and 1,180 sq. ft. on the 2nd. Floor • General building construction includes steel support beams, concrete block, metal, & brick exterior walls, poured concrete floors, open web steel joists, etc. • ceiling heights vary, up to approx. 23' • There are drive-in shipping doors and truck level loading docks w/ levellers • Heating is provided by a Cleaver-Brooks 15 PSI gas-fired hot water boiler, w/ some electric baseboard heaters • The plant has suspended hot water heating units • The offices have a roof-mounted central air conditioning system • Electrical service is approx. 3000 amp. • The entire building has a fire protection sprinkler system • There is an exterior metal clad storage area, w/ poured concrete floor
SERVICES: Municipal services available to the site are industrial grade hydro-electric service, municipal water, sewers, natural gas, telephone, police and fire protection, etc.
TAXES: 2009 taxes were approximately $50,995.00 • Roll Number is 3421020180183000000 • PIN is 35191-0006 (LT)
ZONING: Zoning is "Restricted Industrial M2" permitting many uses • St. Thomas Official Plan designates the property as "Industrial" • The property suits many industrial, mfg., and warehouse uses, etc., & was most recently utilized as a steel fabrication mfg. plant
TERMS AND CONDITIONS OF SALE: The Real Estate is being offered For Sale by Public Auction Subject to a "Minimum Starting Bid" • A $15,000.00 certified cheque, or bank draft, payable to TCL Asset Group Inc., in Trust, is to be deposited with TCL Asset Group Inc., at registration, day of auction, in order to bid on the Real Estate • This deposit will be applied against the purchase price of the successful bidder • A further $35,000.00 deposit by certified cheque or bank draft, payable to TCL Asset Group Inc., In Trust, is payable within seven (7) days of acceptance • The balance of the Purchase Price is payable on closing within thirty (30) days, of acceptance, subject to the usual adjustments, and in accordance with the full Terms and Conditions of Sale, to be provided • Cheques or drafts of unsuccessful bidders will be returned immediately after the auction • If not sold by auction, the Real Estate will be offered for sale by private negotiations, immediately after the auction • Bidspotter.com Online Internet Bidders must have the required $15,000.00 certified cheque, or bank draft, deposit at TCL Asset Group Inc.'s office not later than one (1) day prior to the auction, along with properly executed Purchase Documents, in order to bid for the Real Estate Online
PLEASE NOTE: The auctioneer makes no warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to make inspection, and conduct their own due diligence of the Real Estate prior to the sale • Complete Terms & Conditions of Sale, and Property Information Packages, etc., are available on request, at inspection, or on our website • Any published information is subject to written or oral amendment by the Auctioneer • Auctioneer’s announcements day of sale take precedence over published information
DIRECTIONS: From Highway 401, at London, take Exit 189, Highbury Ave. – St. Thomas • Go south on Highbury Ave. to South Edgeware Rd. • Go east, (left turn), on South Edgeware Rd. which turns south into Centennial Ave. • Go south on Centennial Ave. to Talbot St. in St. Thomas • Go west, (right turn), on Talbot St., one street to Yarmouth Rd., and go north, (right turn), to auction site
Property Information Package documents (please click links to download pdf files)
Property Information Package Index
1. Property Information Package Disclaimer
3. Tax & Assessment Information
5. Registered Property Plan 245
8. Environmental Site Assessment Reports Disclaimer
9. Phase 1 Environmental Site Assessment Report
10. Phase II Environmental Site Assessment Report
11. Supplemental Phase II Environmental Site Assessment Report
12. Agreement of Purchase And Sale and Schedules
Real Estate Auction Brochure