368 Richmond Street South, London | Image 1

368 Richmond Street South

London, East K

  • Commercial

$239,900
For Sale

Added 3 weeks ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: DA1

  • Age: No Data

  • MLS®#: X8214590

  • Added: Apr 08, 2024 (3 weeks ago)

  • Updated:

  • Last Checked: 4 hours ago

  • Listed By: CENTURY 21 FIRST CANADIAN CORP

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.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: London

  • Community: East K

  • Availability Date: Felixable

  • Assessment Amount: $929,979

  • Assessment Year: 2023

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Water Supply: Municipal

Parking

  • Garage Type: Street

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 10 , S/W KING STREET , AS IN 940324, T/W IF ANY IN 940324

  • Expenses: Est

  • Insurance Fee: 500

  • Hydro Expense: 550

  • Heat Expenses: 350

  • Taxes Type: T.M.I.

Land

  • Cross Street: Corner Of Richmond A

  • Municipality District: London

  • Parcel Number: 083210081

  • Lot Depth: 99.33 Feet

  • Lot Frontage: 38.5 Feet

  • Zoning: DA1

Commercial Specific

  • Number of Employees: 3

  • Retail Area: 189

  • Retail Area Metric: Sq Metres

  • Total Area: 189.45

  • Total Area Metric: Sq Metres

  • Minimum Rental Months: 24

  • Hours Open: 9.5

  • Area Influence: Public Transit

  • Days Open: 6

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Building

  • Seats: 100

  • Business/Building Name: The Home Restaurant

  • Financial Statement: N

  • Gross Income/Sales: 228054

  • LLBO: Y

Car-Dependent

  • Almost all errands require a car.
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Map of 368 Richmond Street South, London
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