174 King Street , London, ON N6A1C6
London, ON N6A1C6
Description
Exceptional Opportunity to Open Your Own Restaurant at 174 King St, Downtown London, ON! For the first time in over 18 years, this iconic 3,400 SF restaurant space is available for sale in the heart of downtown London. Ideally situated amidst new development, including the ""Aqui on King"" high-rise and just steps from the Covent Garden Market, this prime location offers unmatched visibility and foot traffic. This fully-equipped space includes a 12-foot commercial hood, an 8x8ft walk-in cooler, tandoor oven, commercial dough mixer, deep fryer, 6-burner stovetop, 4-section electric buffet station, prep tables, and more. The recently renovated bar is complemented by a TRANSFERABLE liquor license, and the sale includes tables, chairs, and other essential equipment (full chattels list available in the documents tab). The lease, signed in 2024, is highly favorable with a 5-year term at $6,000 plus hst and utilities monthly. The space is licensed to accommodate up to 135 patrons, and an agreement with the parking lot across the street provides your customers with FREE parking. Additionally, two exclusive parking spots are included behind the building. Take advantage of the City of London CIP Incentives, offering grants and loans to support small businesses in the area. Don't miss this rare opportunity to establish your restaurant in one of the citys most sought-after locations. Chattels only sale! (id:374)
Details
| MLS# | X11905497 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 10 |
| Listing Provided By | EXP REALTY | RAMI RAHY |
Features
| SQ Feet | 3,400 |
|---|---|
| Zoning | DA1(6) |
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Learn More About This Property
| State | ON |
|---|---|
| City | London |
| Zip Code | N6A1C6 |
| Listing VS Median (in N6A1C6) | |
Price: $199,999 low | high Med: $199,999 SqFt: 3,400 low | high Med: 3,400 $ / SqFt: $59 low | high Med: $59 On Site: 10 low | high Med: 10.000000 | |
