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Ruben Furtado

The Furtado Group

ruben@rockstarbrokerage.com +1(416) 823-0484

$ 249,000

Est. payment -/mo

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New

1066 Adelaide ST N #3 London East, ON N5Y 2N1

2 Baths

1,550 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Sale Of Business

Listing Status Active

Purchase Type For Sale

Square Footage 1,550 sqft

Price per Sqft $160

Subdivision East C

MLS Listing ID X12211048

Annual Tax Amount $10

Tax Year 2024

Property Sub-Type Sale Of Business

Property Description

Rare opportunity to purchase a unique Bakery / Restaurant Take-out location / business. You can buy and operate the existing business and or bring in your own Business / Restaurant use, with your own Name. You do not need to operate the existing business. Install your own business concept. The Restaurant / Bakery is located in a busy Plaza located along Adelaide Street north, just south of Huron St and north or Cheapside St. The purchase price includes the business and equipment and chattels. Very rare opportunity to get a 1,550 SF unit with an already fully functional kitchen in place. There is already a Hood and Exhaust and grease trap and Walk-in Cooler installed in the space, that will stay with the building. The unit was fully renovated and built out in 2020 and kitchen was installed in 2020. 2 washrooms installed. Very attractive Lease already in place, that can be assumed by qualified tenants subject to the Landlord approval. Excellent exposure & accessibility. High Daily Traffic Count for the plaza, over 30,000 cars/day. Direct exposure and access to Adelaide Street North. Plenty of on-site free parking. Zoning: CSA6 - permits a wide range of uses. Newer rooftop HVAC installed for the unit. Asking: $249,000. Consistent gross sales. Leased Unit Size: 1,550 SF. The name, Zaatarz Bakery & Sweets, is not being sold with the business.

Location

Province ON

County Middlesex

Community East C

Area Middlesex

Zoning CSA6

Interior

Cooling Yes

Inclusions Display cooler, 2 new ovens, hood exhaust, grease trap, walkin cooler, 3 - TVs, 2 Freezers, metal shelves, dough mixer, dough cutter, small fryer, metal pre table, beverage cooler, 10 tables and 13 seat benches, 8 chairs, 3 metal racks, oven tray holder, related pots and pans, triple metal sink, alarm system & cameras, wall a/c unit, new hot water heater and much more.

Exterior

Utilities Available Yes

Lot Frontage 110.0

Lot Depth 290.87

Others

Security Features No

Listed by CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO

+1(416) 823-0484

ruben@rockstarbrokerage.com

418 Iroquois Shore Rd Suite 103, Oakville, L6H, 0X7, Canada