Chattels-only sale opportunity at 360 Springbank Drive with an attractive lease rate! This 3,500 sf prime corner unit is situated in a well-established plaza in Springbank, one of London's most sought-after neighbourhoods, with excellent exposure and ample free parking. The premises feature a fully built-out restaurant with a large turnkey commercial kitchen and bar, including over 15 feet of commercial exhaust hood, walk-in cooler, walk-in freezer, dishwashing equipment, flat-top grill, gas grill, prep tables, and much more. The exterior offers a newly constructed covered and heated patio, plus a separate uncovered patio area. The restaurant was previously licensed for up to 132 patrons indoors and 50 patrons on the patio. Existing bar includes 4 under counter coolers and a keg dispensing cooler. Additional features include three renovated washrooms and an active liquor sales licence, subject to AGCO approval and transfer requirements. Lease rate is $24.00 per sq. ft. net, plus approximately $8.50 per sq. ft. TMI, totalling approximately $9,479.17 per month plus HST and utilities. Chattels only-the existing business and trade name are not included. All information is to be independently verified by the buyer. (id:13843)
| MLS # | X13784136 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 48 |
| Listing Provided By | EXP REALTY | RAMI RAHY |
| SQ Feet | 3,500 |
|---|---|
| Zoning | CSA1 |
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
| Water Source | Municipal water |
|---|
| Tax Annual Amount | 8.5 |
|---|
| Province | ON |
|---|---|
| City | London South (South D) |
| Postal Code | N6J1G5 |
| Listing VS Median (in N6J1G5) | |
Price: $149,999 low | high Med: $149,999 sqft: 3,500 low | high Med: 3,500 $ / sqft: $43 low | high Med: $43 On site: 48 low | high Med: 48 | |
| Province | ON |
|---|---|
| City | London South (South D) |
| Postal Code | N6J1G5 |
| Listing VS Median (in N6J1G5) | |
Price: $149,999 low | high Med: $149,999 sqft: 3,500 low | high Med: 3,500 $ / sqft: $43 low | high Med: $43 On site: 48 low | high Med: 48 | |