186 King Street, London | Image 1

186 King Street

London

  • Commercial

$XXX,XXX
For Sale

Added 1 month ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Apparel

  • Zoning: H-3,DA1(9),D350

  • Age: 31-50 years

  • Taxes: 1114.94

  • MLS®#: X8198450

  • Added: Apr 03, 2024 (1 month ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: STREETCITY REALTY INC.

Very successful restaurant for sale! It is located in downtown London, surrounded by high-rise residential buildings, government offices, banks, Chinese Academy school and Fanshawe College downtown campus. It also has a contract with Chinese Academy school to provides meals to the students. The restaurant is about 1587 SQFT with 55 seats and an extra storage. Great Lease which is gross and includes all utilities, heating & A/C, water prepaid, repairs maintenance to HVAC units plus washrooms. The lease is expires on March 31,2028 with another 5 year extension. Brand is not for sale. Please ask the listing agent for more information.

Property

  • Status: Sale

  • Type: Apparel

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Age: 31-50

  • Area: London

  • Availability Date: Flexible

  • Assessment Amount: $33,000

  • Assessment Year: 2023

Inside

  • Air Conditioning: Y

Building

  • Basement: N

  • Heat Type: Gas Forced Air Closd

  • UFFI: No

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: UNIT 1, LEVEL A, MIDDLESEX STANDARD CONDOMINIUM PL

  • Taxes: $1,115

  • Taxes Type: Annual

Land

  • Cross Street: Richmond St East To

  • Municipality District: London

  • Parcel Number: 091650182

  • Lot Depth: 198 Feet

  • Lot Frontage: 84 Feet

  • Zoning: H-3,DA1(9),D350

Commercial Specific

  • Number of Employees: 3

  • Retail Area: 1587

  • Retail Area Metric: Sq Ft

  • Hours Open: 11 Am-9

  • Area Influence: Public Transit

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Unit

  • Seats: 55

  • Business/Building Name: Rain & Sunny Chinese Noodles

  • Financial Statement: Y

  • LLBO: N

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