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$ 199,000
Est. payment /mo
New
565 Richmond ST London East, ON N6A 3G2
5 Baths
900 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 900 sqft
Price per Sqft $221
MLS Listing ID X12284139
Tax Year 2024
Property Sub-Type Sale Of Business
Property 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.
Location
Province ON
County Middlesex
Area Middlesex
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 55.83
Lot Depth 64.41
Others
Security Features No
Listed by ROYAL LEPAGE SIGNATURE REALTY