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$129,900
Available - For Sale
Listing ID: C9032352
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: $36,192
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 (Feet)
Directions/Cross Streets: Yonge & Eglinton
Zoning: CR3
Category: Without Property
Use: Restaurant
Building Percentage: N
Total Area: 2,184
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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Last Name: *
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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    TDS: %
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CMHC/GE $ $ $ $
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Income Required $ $ $ $

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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.

1993 Yonge St , Toronto, M4S 1Z8, Ontario


 
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Type: Com - Sale Of Business
Area: Toronto
Municipality: Toronto
Neighbourhood: Mount Pleasant West
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Lot Size: 15.41 x 85.00(Feet)
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Tax: $36,192
Maintenance Fee: $0
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