F104-999 Upper Wentworth Street, Hamilton | Image 1

F104-999 Upper Wentworth Street

Hamilton, Thorner

  • Commercial

$249,777
For Sale

Added 2 months ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Business Type: Hospitality/Food Related

  • Zoning: C4

  • Age: No Data

  • Taxes: 1003.52

  • MLS®#: X9253116

  • Added: Aug 13, 2024 (2 months ago)

  • Updated:

  • Last Checked: 22 hours ago

  • Listed By: IPRO REALTY LTD.

Fantastic Opportunity for Franchised Mediterranean Restaurant with prime location Location offers great opportunity inside the food court of Lime ridge mall, Hamilton's busiest mall. Stable with easy operation, ideal for first-time buyers. Training : Provided by Head office. Foot Traffic: High due to busting mall environment, ensuring a steady flow of potential customers. Financial Terms: low rent and a long term lease provide stability & favorable terms for potential buyers. Cost: Labour cost Approx.21%, Food cost 34%, Utilities approx. $350(for Gas) Other utilities included in the Rent, Royalty & Adverting6%+3% Rent - $12812 per month including TMI Lease Term - 4 years + 5 years option to renew. This opportunity offers a lucrative chance for business growth and profitability in a prime location.

Property

  • Status: Sale

  • Type: Hospitality/Food Related

  • Property Type: Commercial/Retail

  • Property Type: Retail

  • Area: Hamilton

  • Community: Thorner

  • Availability Date: Flexible

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Heat Type: Elec Forced Air

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Taxes: $1,004

  • Expenses: Act

  • Taxes Type: T.M.I.

  • Tax Year: 2024

Land

  • Cross Street: Upper Wenworth and M

  • Municipality District: Hamilton

  • Zoning: C4

Commercial Specific

  • Number of Employees: 3

  • Retail Area: 346

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 524

  • Total Area Metric: Sq Ft

  • Hours Open: M-F 10-

  • Area Influence: Major Highway

  • Area Influence: Public Transit

  • Days Open: 7

  • Franchise: Y

  • Tangible Property Included: Y

  • Lot Code: Unit

  • Seats: 25

  • Business/Building Name: VILLA MADINA MEDITERRIAN CUISINE Lime

  • Financial Statement: Y

  • Gross Income/Sales: 710000

  • Estimated Inventory Value: 20000

  • LLBO: N

Map of F104-999 Upper Wentworth Street, Hamilton
JK-6

Lincoln Alexander Public School

Elementary: Public
1.50 km
JK-8

Our Lady of Lourdes Catholic Elementary School

Elementary: Catholic
0.60 km
JK-8

St. Teresa of Calcutta Catholic Elementary School

Elementary: Catholic
1.22 km
JK-8

Franklin Road Elementary Public School

Elementary: Public
1.19 km
JK-8

Pauline Johnson Public School

Elementary: Public
0.78 km
JK-8

Lawfield Elementary School

Elementary: Public
1.06 km
9-12

Vincent Massey/James Street

Secondary: Public
1.74 km
9-12

ÉSAC Mère-Teresa

Secondary: Catholic
2.74 km
9-12

St. Charles Catholic Adult Secondary School

Secondary: Catholic
2.48 km
9-12

Nora Henderson Secondary School

Secondary: Public
1.67 km
9-12

Cathedral High School

Secondary: Catholic
3.75 km
9-12

St. Jean de Brebeuf Catholic Secondary School

Secondary: Catholic
1.81 km
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