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CAONLondonEast F565 Richmond St
565 Richmond St, Home with 0 bedrooms, 5 bathrooms and 2 parking in London ON | Image 1
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$199,000

565 Richmond St, London, ON

Real Estate

For Sale

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052
  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes 
Days Active 80
Approx. Age 
MLS® Number X12284139

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® NumberX12284139
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatGas Forced Air Closed
A/CYes
Heating Fuel

Extras

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