1A-691 Richmond Street, London | Image 1

1A-691 Richmond Street

London, East F

  • Commercial

$XXX,XXX
For Sale

Added 1 week ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: OR*D250*H38/BDC(

  • Age: No Data

  • Taxes: 44158

  • MLS®#: X8267950

  • Days on Site: 2 Days

  • Added: Apr 22, 2024 (1 week ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO

Rare opportunity to purchase a unique Bar / Club / Lounge business - SPE London (Some Place Else) in the heart of downtown London. Located at 691 Richmons Street, which is a prime Richmond Row location. Location is surrounded by several high rise residential and commercial buildings and high population of UWO students in the area. The space includes approx. 1,213 SF. area plus an additional exterior patio area approx. 900 SF fronting onto Richmond Street. The current SPE London Bar / Club / Lounge is licensed for 60 people inside and another 30 people on the patio area. The space would be an ideal Restaurant / Club / Cafe / Lounge / Bar type uses. Asking $149,000 for the business / chattels / equipment. Any buyer must take over the existing Lease via a sublease.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: London

  • Community: East F

  • Availability Date: Flexible

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Available

Building

  • Basement: N

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2023

  • Tax Legal Description: PARCEL 1-7, SECTION 33-L-183(W) PT LT 1 S/S ANN ST & PT LTS 11 &

  • Taxes: $44,158

  • Expenses: Est

  • Taxes Type: Annual

Land

  • Cross Street: Richmond St. & Mill

  • Municipality District: London

  • Sewer: San Avail

  • Lot Depth: 306.39 Feet

  • Lot Frontage: 160.98 Feet

  • Lot Irregularities: Lot Irregular

  • Zoning: OR*D250*H38/BDC(

Shipping Doors

  • Clearing Height (ft): 10

Commercial Specific

  • Rail: N

  • Retail Area: 1213

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 1213

  • Total Area Metric: Sq Ft

  • Hours Open: 10Pm-2A

  • Days Open: V

  • Franchise: N

  • Tangible Property Included: N

  • Lot Code: Lot

  • Seats: 50

  • Financial Statement: N

  • LLBO: N

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