Rare investment opportunity in the heart of Midtown, just steps away from Yonge and Eglinton. This turnkey restaurant and bar, licensed by the L.L.B.O. for 64 patrons, is situated in a high foot traffic area surrounded by high-profile businesses and existing and developing condos.The property features a fully renovated and equipped dining area, an upstairs bar, and an outdoor patio, all with high ceilings. The full basement includes a prep area, walk-in fridge, storage, and bathrooms. The main floor offers a fully furnished dining room, an outdoor patio, and a fully equipped main kitchen. The upper floor boasts a full bar/lounge area, bathrooms, and a staff room. Lease terms include 3+ years remaining with options for two additional 5-year extensions. Monthly net rent is $5500.* EXTRAS * The building is newly renovated with numerous upgrades. All chattels, equipment, furniture, and modern dinnerware are included - a list is available upon request. The restaurant has a very high rating. The owner is willing to provide training.
Extras
LLBO license for 64 patrons with outdoor patio, list of chattels, equipment available upon request. Owner willing to train.
PT LT 5 PL 1789 TORONTO AS IN CA264379; T/W & S/T CA264379; S/T INTEREST IN CA264379; CITY OF TORONTO
Occupancy
Owner
Possession Date
30 Days/TBA
Taxes (2023)
$36,192
Tax Type
T.M.I.
Directions/Cross Streets
Yonge & Eglinton
Neighbourhood
Mount Pleasant West
Area
Toronto
Price History
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Detailed Information
Freestanding
N
Lot
15.41 x 85 ft
Retail Area
2,184 ft2
Total Area
2,184 ft2
Air Conditioning
Y
Basement
Y
Chattels
Y
Garage Type
None
Hours Open
5-10 pm
LLBO
Y
Employees
4
Heat Type
Gas Forced Air Open
Financial Statement
N
Area Influences
Major Highway, Public Transit
Seats
64
Water
Municipal
Lot/Bldg/Unit Code
Lot
Zoning
CR3
Seller Property Info Statement
N
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