Added 3 months ago
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Type: Sale Of Business
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Property Type: Commercial
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Business Type: Bar/Tavern/Pub
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Zoning: C2
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Age: 51-99 years
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Taxes: 21277
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MLS®#: X8019312
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Days on Site: 75 Days
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Added: Jan 22, 2024 (3 months ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: REALTY NETWORK
Investor's Attention, Excellent opportunity in Hamilton's centre, 7% Cap rate, Offer over 11000 sqf building with basement. This property is home to Galley Pump Tavern, a long established pub that has been in business for over 40 years with 22 rooms, lodging house for short term rentals. The restaurant is fully licensed, few years ago renovated kitchen, has capacity for 170 inside and patio for 30 additional people. This is a turnkey business where a committed owner could really take off. In addition to the business this listing is for the entire property as well which includes 21 rooms that are consistently booked. The property has over 30 parking spots on a high traffic spots on a high traffic street with great sign exposure please do not go direct.
Property
Status: Sale
Type: Bar/Tavern/Pub
Property Type: Sale Of Business
Property Type: With Property
Age: 51-99
Area: Hamilton
Community: Industrial Sector
Availability Date: Flexible
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Steam Radiators
Freestanding: Y
Water Supply: Municipal
Physically Handicapped-Equipped: Y
Parking
Garage Type: Public
Covered Parking Spaces: 33
Fees
Tax Year: 2023
Tax Legal Description: LTS 319, 320, 321, 322, 323 & 324, PL 209;
Taxes: $21,277
Taxes Type: Annual
Land
Cross Street: Burlington St E To W
Municipality District: Hamilton
Parcel Number: 171880195
Lot Depth: 124 Feet
Lot Frontage: 148.83 Feet
Zoning: C2
Commercial Specific
Number of Employees: 4
Sprinklers: Y
Total Area: 11625
Total Area Metric: Sq Ft
Hours Open: Mon-Sat
Area Influence: Public Transit
Franchise: N
Tangible Property Included: Y
Lot Code: Lot
Seats: 170
Financial Statement: Y
LLBO: Y
St. Patrick Catholic Elementary School
Elementary: CatholicSt. Brigid Catholic Elementary School
Elementary: CatholicSt. Ann (Hamilton) Catholic Elementary School
Elementary: CatholicSt. Lawrence Catholic Elementary School
Elementary: CatholicCathy Wever Elementary Public School
Elementary: PublicPrince of Wales Elementary Public School
Elementary: PublicKing William Alter Ed Secondary School
Secondary: PublicTurning Point School
Secondary: PublicVincent Massey/James Street
Secondary: PublicDelta Secondary School
Secondary: PublicSir John A Macdonald Secondary School
Secondary: PublicCathedral High School
Secondary: Catholic
