$239,900 FOR SALE

Business for Sale

Restaurant

Lot: 38.5 x 99.33 ftTotal Area: 189.45 m2

368 RICHMOND St S
London, ON N6A 3C3 | East K | Middlesex

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.

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Listed By CENTURY 21 FIRST CANADIAN CORP
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8214590
Last Updated Sep 13, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Restaurant
Franchise Non-Franchise
Business/Building Name The Home Restaurant
Category Without Property
PIN 083210081
Legal Description 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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