Your opportunity to acquire the rights to a high-end turn-key restaurant space. Asset sale in a leased triple-A plaza. The premises are an end cap unit with a covered outdoor patio on the side of the building. The space is 2076.3 square feet. The restaurant features a full open-concept commercial kitchen with a hood fan ventilation system, grease trap, dishwashing station, cooking equipment, and preparation stations plus a back office and two bathrooms. All kitchen equipment and furniture are included in this sale. Rent is very reasonable with a fixed net rate below the current market value at $28 psf. A scheduled increase to $30 psf net will start in November 2024 and remain fixed for the balance of the term which ends on October 31, 2031. The total monthly rent including all building operating costs and HST is currently $8,716.20. A stand-up refrigerator and a freezer are included in the sale. No walk-in refrigeration or freezer was installed in the building. (id:47423)
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Detailed Information
Listing Contract Date
2024-06-13
Maintenance Fee Type
Other, See Remarks
Property Type
Business
Transaction Type
For sale
Zoning Description
GM[950]
Business
Business Type
Restaurant
Business Subtype
Restaurant
Building
Land
Total Size
* ft X 0 ft
Size of Irregular Land
* ft X 0 ft
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