Get access to recent sales data and market insights for this area
Sign in to see additional details, transaction history, and recent solds in the same area.
Please enter your email address below to receive a secure sign-in link.
$4,200
Net Lease
424 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N2
Dows Lake - Civic Hospital and Area, ON K1S 4N2
Property Sub Type
Commercial Retail
Property Type
Commercial
Property Use
Retail
INCREDIBLE OPPORTUNITY TO TAKE OVER A STUNNING AND FULLY EQUIPPED RESTAURANT IN THE HIGHLY SOUGHT AFTER - HEART OF LITTLE ITALY! This space is offered as a 2.5-year sublease or preferably as an ASSIGNMENT, with the option to negotiate a new long-term lease, this 1,300 sq. ft. space features a functional and fully equipped kitchen, seating for approx. 35 guests, a large and trendy fully stocked bar, 2 large washrooms, an additional prep and storage space in the basement, and separate back entrance to 3-car parking. Located on tourist-friendly Preston Street, surrounded by plenty of established restaurants, and retail, government offices and residential towers; this location provides excellent exposure and steady foot traffic. Triple-net rent is $4,200/month plus HST for Base Rent, with Additional Rent of approximately $1825.73/month plus HST. Utilities are separate. All potential tenants must purchase the restaurant assets for $65,000 and provide proof of restaurant experience and financial capability. See Attached Feature Sheet for All Assets Included in the Purchase Price. This property can also be offered as a sale of business.
