Milad Akrami
Sales Representative
Soltanian Real Estate, Brokerage
Independently owned and operated.
175 Willowdale Ave Suite 100, Toronto, Ontario M2N4Y9
Cell: 647-678-7799Office: 647-678-7799
$239,900
Available - For Sale
Listing ID: X8214590
368 RICHMOND St South , London, N6A 3C3, Ontario
| 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. |
| Price | $239,900 |
| Minimum Rental Term: | 24 |
| Taxes: | $0.00 |
| Tax Type: | T.M.I. |
| Assessment: | $929979 |
| Assessment Year: | 2023 |
| Occupancy by: | Own+Ten |
| Address: | 368 RICHMOND St South , London, N6A 3C3, Ontario |
| Postal Code: | N6A 3C3 |
| Province/State: | Ontario |
| Legal Description: | PT LT 10 , S/W KING STREET , AS IN 94032 |
| Lot Size: | 38.50 x 99.33 (Feet) |
| Directions/Cross Streets: | Corner of Richmond and King St |
| Category: | Without Property |
| Use: | Restaurant |
| Total Area: | 189.45 |
| Total Area Code: | Sq Metres |
| Retail Area: | 189 |
| Retail Area Code: | Sq Metres |
| Area Influences: | Public Transit |
| Business/Building Name: | The Home Restaurant |
| Financial Statement: | N |
| Chattels: | Y |
| Franchise: | N |
| Days Open: | 6 |
| Hours Open: | 9.5 |
| Employees #: | 3 |
| Seats: | 100 |
| LLBO: | Y |
| Taxes Expense: | $0 |
| Insurance Expense: | $500 |
| Heat Expenses: | $350 |
| Hydro Expense: | $550 |
| Water Expense: | $0 |
| Gross Income/Sales: | $228054 |
| Expenses Actual/Estimated: | $Est |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | Y |
| Water: | Municipal |
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Years
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| CENTURY 21 FIRST CANADIAN CORP |
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Milad Akrami
Sales Representative
Dir:
647-678-7799
Bus:
647-678-7799
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Middlesex |
| Municipality: | London |
| Neighbourhood: | East K |
| Lot Size: | 38.50 x 99.33(Feet) |
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