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$399,000
Available - For Sale
Listing ID: C12249892
Outstanding opportunity to take over a fully built-out and licensed restaurant in one of Toronto's most desirable midtown neighbourhoods. Gatherings Restobar is located just steps from the bustling intersection of Yonge and St. Clair, surrounded by residential towers, offices,and consistent foot traffic. This spacious, well-equipped venue is ideal for a variety of restaurant or bar concepts. The space boasts a rare liquor license for 320 seats inside plus anadditional 20 on the patio. Featuring a large, functional kitchen with a 10 ft commercial hood and two walk-in fridges, the restaurant is set up for high-volume service and events. The layout includes multiple dining areas, a prominent bar, and flexibility for private bookings.Offered at a gross monthly rent of $21,504 inclusive of TMI, utilities, and garbage. Strong sales history and a secure 7 + 5 + 5 year lease with no demolition clause make this a compelling choice for owner-operators or brands looking to expand. Available turnkey with training or can be rebranded to suit your vision.
Price $399,000
Taxes: $0
Tax Type: TMI
Occupancy by: Tenant
Address: 49 St Clair Aven West , Toronto, M4V 3A5, Toronto
Postal Code: M4V 3A5
Province/State: Toronto
Legal Description: PCL 2-4 SEC A846; PT LT 2 PL 846 TORONTO
Directions/Cross Streets: Yonge St & St Clair Ave W
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Without Property
Use: Restaurant
Building Percentage: F
Total Area: 6,900
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Financial Statement: F
Chattels: T
Franchise: F
Days Open: O
Hours Open: 11:30-2
Employees #: 12
Seats: 340
Maintenance: 0
Sprinklers: No
Outside Storage: F
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Sanitary Availa
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ROYAL LEPAGE SIGNATURE REALTY

49 St Clair Aven West , Toronto, M4V 3A5, Toronto


 
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Type: Com - Sale Of Business
Area: Toronto
Municipality: Toronto C02
Neighbourhood: Yonge-St. Clair
Style:
Lot Size: x 146.23(Feet)
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Tax: $0
Maintenance Fee: $0
Beds: 0
Baths: 4
Garage: 0
Fireplace: N
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