An opportunity to own a Liquor Sales licensed restaurant in heart of London Downtown. Located close to Residential Apartments, schools, Citi Plaza, the library, banks, offices, hotels, Budweiser Garden, and public transit by the door. Direct bus to UWO and walking distance to Fanshawe College. Well-appointed kitchen the main floor offers ample space for dining. Nearby parking lots and free street parking. Ground size of 2840 sqft & rent-Free basement storage, provides ample room to accommodate 100+ guests. The property features a wet bar, facilitating seamless operations for a Bar or a Drink Store. Equipped with 220v electricity. Upgrades include new stove and other appliances in 2020, Tiles (2020); Freshly painted walls & ceilings. 10.2 Foot Kitchen Hood. Legal private VIP rooms for parties. Affordable rent with Water and Tax included. Free garbage and used grease oil pickup. The lease term spans 2+7 years, providing stability and a long-term vision. No limit on working hours.
PT LT 10 , S/W KING STREET , AS IN 940324, T/W IF ANY IN 940324 ; S/T THE RIGHTS OF OWNERS OF ADJOINING PARCELS, IF ANY, UNDER 539954 ; LONDON
Minimum Rental Term
24
Occupancy
Own+Ten
Possession Date
Felixable
Assessment (2023)
$929,979
Directions/Cross Streets
Corner of Richmond and King St
Neighbourhood
East K
Area
Middlesex
Price History
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Detailed Information
Lot
38.5 x 99.33 ft
Retail Area
189 m2
Total Area
189.45 m2
Air Conditioning
Y
Basement
Y
Chattels
Y
Garage Type
Street
Days Open
6
Hours Open
9.5
LLBO
Y
Employees
3
Heat Type
Gas Forced Air Closd
Financial Statement
N
Gross Income/Sales
$228,054
Hydro Expense
$550
Heat Expenses
$350
Insurance Expense
$500
Expenses Actual/Estimated
Est
Area Influences
Public Transit
Seats
100
Utilities
A
Water
Municipal
Lot/Bldg/Unit Code
Building
Zoning
DA1
Seller Property Info Statement
N
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