$239,900
FOR SALE

Business for Sale

Restaurant

Lot: 38.5 x 99.33 ftTotal Area: 189.45 m2

368 RICHMOND St S
London, ON N6A 3C3 | East K | Middlesex

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.
Share
Listed By CENTURY 21 FIRST CANADIAN CORP
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8214590
Last Updated Sep 13, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Restaurant
Franchise Non-Franchise
Business/Building Name The Home Restaurant
Category Without Property
PIN 083210081
Legal Description PT LT 10 , S/W KING STREET , AS IN 940324, T/W IF ANY IN 940324 ; S/T THE RIGHTS OF OWNERS OF ADJOINING PARCELS, IF ANY, UNDER 539954 ; LONDON
Minimum Rental Term 24
Occupancy Own+Ten
Possession Date Felixable
Assessment (2023) $929,979
Directions/Cross Streets Corner of Richmond and King St
Neighbourhood East K
Area Middlesex
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Lot 38.5 x 99.33 ft
Retail Area 189 m2
Total Area 189.45 m2
Air Conditioning Y
Basement Y
Chattels Y
Garage Type Street
Days Open 6
Hours Open 9.5
LLBO Y
Employees 3
Heat Type Gas Forced Air Closd
Financial Statement N
Gross Income/Sales $228,054
Hydro Expense $550
Heat Expenses $350
Insurance Expense $500
Expenses Actual/Estimated Est
Area Influences Public Transit
Seats 100
Utilities A
Water Municipal
Lot/Bldg/Unit Code Building
Zoning DA1
Seller Property Info Statement N

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)