F1-2284 TENTH LINE Road, Orleans - Cumberland and Area | Image 1
$189,000
For Sale

Added 5 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: GM[950]

  • Age: No Data

  • MLS®#: X9517498

  • Days on Site: 157 Days

  • Added: Jun 13, 2024 (5 months ago)

  • Updated:

  • Last Checked: 14 hours ago

  • Listed By: KELLER WILLIAMS INTEGRITY REALTY

Your opportunity to acquire the rights to a high-end turn-key restaurant space. Asset sale in a leased triple-A plaza. The premises are an end cap unit with a covered outdoor patio on the side of the building. The space is 2076.3 square feet. The restaurant features a full open-concept commercial kitchen with a hood fan ventilation system, grease trap, dishwashing station, cooking equipment, and preparation stations plus a back office and two bathrooms. All kitchen equipment and furniture are included in this sale. Rent is very reasonable with a fixed net rate below the current market value at $28 psf. A scheduled increase to $30 psf net will start in November 2024 and remain fixed for the balance of the term which ends on October 31, 2031. The total monthly rent including all building operating costs and HST is currently $8,716.20. A stand-up refrigerator and a freezer are included in the sale. No walk-in refrigeration or freezer was installed in the building.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Orleans - Cumberland and Area

  • Community: 1117 - Avalon West

  • Availability Date: last day of th

Land

  • Cross Street: South of Innes Rd on

  • Municipality District: Orleans - Cumberland and Ar

  • Zoning: GM[950]

Commercial Specific

  • Business/Building Name: UNLISTED

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