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.
MLS# | X9517498 |
---|---|
Listing Type | For Sale |
Building Name | UNLISTED |
Sub-Type | Resale |
Status | Active |
Days On Site | 8 |
Listing Provided By | KELLER WILLIAMS INTEGRITY REALTY | Not Provided |
Zoning | GM[950] |
---|
Province | ON |
---|---|
County | Orleans Cumberland and Ar |
City | Orleans - Cumberland and Area |
Postal Code | K4A 0X4 |
Area | Ottawa |
Community Name | 1117 Avalon West |
Listing VS Median (in 1117 Avalon West) | |
Price: $189,000 low | high Med: $0 On Site: 8 low | high Med: |