Added 2 months ago
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Type: Sale Of Business
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Property Type: Commercial
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Business Type: Restaurant
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Zoning: Commercial
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Age: No Data
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MLS®#: E9346828
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Added: Sep 12, 2024 (2 months ago)
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Updated:
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Last Checked: 5 hours ago
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Listed By: GET HOME REALTY INC.
Turnkey Restaurant for Sale in Greek Town Extensively renovated Indian cuisine restaurant at the prime AAA+ location of Danforth and Logan, right in the midst of Greek Town. Licensed for 124 patrons inside and 12 on the front patio. Features a fully built-out main floor and basement, with all chattels and equipment included. Total space is 1,800 sqft with 4 years remaining on the lease and an option to renew. This well-kept, like-new, and very well-established restaurant experiences heavy daily foot traffic and high take-out volume from both loyal and new customers, including tourists. Conveniently located with easy parking available on multiple nearby streets. Highlights:- Fully equipped kitchen with 11' exhaust hood, full range, walk-in cooler, and more; Significant investment made in kitchen build-out and leasehold improvements; Excellent structural integrity with all mechanical systems in great shape and 3-phase power; Licensed for 124 patrons inside, with an additional 12 on the front patio; Garage-style frontage that opens the dining room to the street; Currently operating as a successful Indian restaurant, but the space is adaptable to various concepts and styles of cuisine; Strong lease in place with a current rent of $10,112 per month, inclusive of TMI and HST; Four years remaining on the lease with options to renew.
Property
Status: Sale
Type: Restaurant
Property Type: Sale Of Business
Property Type: Without Property
Area: Toronto
Community: North Riverdale
Availability Date: IMMEDIATE
Inside
Air Conditioning: Y
Utilities
Utilities: Available
Building
Basement: Y
Heat Type: Gas Forced Air Closd
Elevator: None
Energy Certificate: N
Green Verification Status: N
Freestanding: N
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2024
Tax Legal Description: PT LT 1 PL 9E TORONTO AS IN CT492289; CITY OF TORO
Taxes Type: T.M.I.
Land
Cross Street: Danforth/Logan
Municipality District: Toronto E01
Parcel Number: 210620264
Sewer: Sanitary
Lot Depth: 110 Feet
Lot Frontage: 20 Feet
Zoning: Commercial
Commercial Specific
Number of Employees: 3
Rail: N
Retail Area Metric: Sq Ft
Sprinklers: Y
Total Area: 1800
Total Area Metric: Sq Ft
Hours Open: 12
Days Open: 7
Franchise: N
Tangible Property Included: Y
Lot Code: Unit
Seats: 136
Financial Statement: N
LLBO: Y
Quest Alternative School Senior
Elementary: PublicHoly Name Catholic School
Elementary: CatholicFrankland Community School Junior
Elementary: PublicEarl Grey Senior Public School
Elementary: PublicWithrow Avenue Junior Public School
Elementary: PublicJackman Avenue Junior Public School
Elementary: PublicFirst Nations School of Toronto
Secondary: PublicSEED Alternative
Secondary: PublicEastdale Collegiate Institute
Secondary: PublicSubway Academy I
Secondary: PublicCALC Secondary School
Secondary: PublicDanforth Collegiate Institute and Technical School
Secondary: Public
