Description
INCREDIBLE OPPORTUNITY TO TAKE OVER A STUNNING AND FULLY EQUIPPED RESTAURANT IN THE HIGHLY SOUGHT AFTER - HEART OF LITTLE ITALY! This space is offered as a 2.5-year sublease or preferably as an ASSIGNMENT, with the option to negotiate a new long-term lease, this 1,300 sq. ft. space features a functional and fully equipped kitchen, seating for approx. 35 guests, a large and trendy fully stocked bar, 2 large washrooms, an additional prep and storage space in the basement, and separate back entrance to 3-car parking. Located on tourist-friendly Preston Street, surrounded by plenty of established restaurants, and retail, government offices and residential towers; this location provides excellent exposure and steady foot traffic. Triple-net rent is $4,200/month plus HST for Base Rent, with Additional Rent of approximately $1825.73/month plus HST. Utilities are separate. All potential tenants must purchase the restaurant assets for $65,000 and provide proof of restaurant experience and financial capability. See Attached Feature Sheet for All Assets Included in the Purchase Price. This property can also be offered as a sale of business.
Location Description
Preston St. south between Norman and Beech
Property Details
- Community: 4502 - West Centre Town
- Property Type: Vacant/Commercial
- Garages: None
- Annual Property Taxes : $ 16607
Building Features
- Parking Type : None
Features
- Heating : Gas Forced Air Closed
Listing Contracted With: EXP REALTY
