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BUSINESS PARKS

City-owned industrial lands are located in four well-planned and fully-serviced business parks that have state-of-the-art infrastructure with easy access to Highway 401 and to Kingston's downtown core. These lands are zoned to allow a variety of businesses ranging from general and prestige industrial uses to limited commercial and service-related uses. A wide selection of parcels of various sizes is available.

For current information about available lands, please consult the City-Owned Industrial Lands application.


Offer to Purchase

The City of Kingston drafts an Offer to Purchase agreement for each property and client. The draft agreement includes negotiable terms which:

  • meet the needs of the client and the City of Kingston
  • incorporate the unique details of the property
  • specify agreed upon details regarding the size and timing of the client's new building construction

Major components of the Standard Offer to Purchase are

  1. Critical dates: The Purchaser typically has up to one year to select a site, design the building and site plan, and achieve the necessary planning approvals. After the sale closes, the Purchaser typically has another year to construct the building for occupancy.
  2. Minimum lot occupancy: the square footage of the new building (sum of all floor space) is generally required to be at least 20% of the lot area
  3. Deposit: 10% of the purchase price
  4. Option to Repurchase: The City of Kingston retains an option to buy the property back should the Purchaser be unable to construct a new building as per the terms of the agreement

We work with every potential purchaser to find the right solution.

For more information please contact:

Carey Bidtnes Carey Bidtnes, Business Development Officer
613-544-2725 ext. 7232, bidtnes@kingstoncanada.com

 

 

 

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