GROUND LEASE AGREEMENT TERMS TO BE NEGOTIATED DEPENDENT ON LESSEE'S INTENDED USE OF LAND. LESSOR OFFERS A 50+ YEAR GROUND LEASE. RENT WILL BE ADJUSTEDTO CONSUMER PRICE INDEX FOR INFLATION. A $300,000 NON-REFUNDABLE SECURITY DEPOSIT UPON POSSESSION REQUIRED.Opportunity meets location. Vacant land strategically positioned in unique Commercial Corridor Zone. Establish your presence in a thriving urban hub. Lot is ready for construction with a new sewer lateral. Close to the busy corner of Thorold Road and Niagara St. and on the section of Aqueduct St which has been recently reconstructed with speed bumps to slow and limit traffic which makes it ideal for a first class apartment or condo building. Neighborhood is well established, close to schools, churches, canal recreational lands, world class rowing, exceptional walking trails, shopping, Seaway Mall. New Lot municipal address will be created subject to final severence
Last updated on : Thursday 3rd of July 2025 07:35:52 PM
Street : 302 AQUEDUCT STREET
City : Welland (N. Welland)
Country : Canada
Postal Code : L3C1E1
Property ID : X12261149
Building Type : Other
Property Type : Vacant Land