$129,900
Available - For Sale
Listing ID: C9032352
1993 Yonge St , Toronto, M4S 1Z8, Ontario
| Rare investment opportunity in the heart of Midtown, just steps away from Yonge and Eglinton. This turnkey restaurant and bar, licensed by the L.L.B.O. for 64 patrons, is situated in a high foot traffic area surrounded by high-profile businesses and existing and developing condos.The property features a fully renovated and equipped dining area, an upstairs bar, and an outdoor patio, all with high ceilings. The full basement includes a prep area, walk-in fridge, storage, and bathrooms. The main floor offers a fully furnished dining room, an outdoor patio, and a fully equipped main kitchen. The upper floor boasts a full bar/lounge area, bathrooms, and a staff room. Lease terms include 3+ years remaining with options for two additional 5-year extensions. Monthly net rent is $5500.* EXTRAS * The building is newly renovated with numerous upgrades. All chattels, equipment, furniture, and modern dinnerware are included - a list is available upon request. The restaurant has a very high rating. The owner is willing to provide training. |
| Extras: LLBO license for 64 patrons with outdoor patio, list of chattels, equipment available upon request. Owner willing to train. |
| Price | $129,900 |
| Taxes: | $36192.00 |
| Tax Type: | T.M.I. |
| Occupancy by: | Owner |
| Address: | 1993 Yonge St , Toronto, M4S 1Z8, Ontario |
| Postal Code: | M4S 1Z8 |
| Province/State: | Ontario |
| Legal Description: | PT LT 5 PL 1789 TORONTO AS IN CA264379; |
| Lot Size: | 15.41 x 85.00 (Feet) |
| Directions/Cross Streets: | Yonge & Eglinton |
| Category: | Without Property |
| Use: | Restaurant |
| Building Percentage: | N |
| Total Area: | 2184.00 |
| Total Area Code: | Sq Ft |
| Retail Area: | 2184 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway Public Transit |
| Business/Building Name: | Chandelier Fine Dine |
| Financial Statement: | N |
| Chattels: | Y |
| Franchise: | N |
| Hours Open: | 5-10 pm |
| Employees #: | 4 |
| Seats: | 64 |
| LLBO: | Y |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Y |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| VENTURE REAL ESTATE CORP. |
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|
Sherin M Justin, CPA CGA
Sales Representative
Dir:
647-231-8657
Bus:
905-239-9222
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | Mount Pleasant West |
| Lot Size: | 15.41 x 85.00(Feet) |
| Tax: | $36,192 |
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