565 Richmond Street, London East, ON N6A 3G2

London East N6A 3G2 Ontario

MLS: X12284139

$199,000

Added 55 days ago | For Sale

Listed by: ROYAL LEPAGE SIGNATURE REALTY

About Property

Incredible opportunity to take over this lovely licensed restaurant located right in the heart of London's iconic Richmond Row. This well-positioned corner unit offers outstanding visibility with AAA signage and benefits from steady foot traffic in one of the city's busiest retail and entertainment corridors. The space is a manageable 900 sq ft, making it ideal for an efficient operation with low overhead. It comes fully equipped with an 8-ft commercial hood, a large walk-in fridge, and a liquor license for 40 patrons. The interior layout is well designed for both dine-in service and takeout, with cozy seating and a welcoming atmosphere. Current gross rent is $6,018 (including TMI) with 3 years remaining on the lease plus a 5-year renewal option available, offering excellent long-term security. This turnkey restaurant is an ideal candidate for rebranding into a wide range of concepts, franchises, or cuisines. Whether you're looking to bring in a new dining experience or expand an existing brand, this location has all the right ingredients for success. Please do not go direct or speak to staff or ownership.

Features

  • House Style:Sale Of Business
  • Bathrooms:5
  • Land Size: 55.83 X 64.41
  • Water:Municipal
  • Garage Spaces: /Other
  • Driveway:
  • Heating Fuel:
  • Cross Street:Richmond St & Albert St
  • Basement: ,
  • Possession Date:TBD
  • Annual Property taxes:
  • Bedrooms:
  • Total Parking Spaces:2
  • Parking Places:2
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12284139

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