1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01) : MLS®# C13579860

Excellent Opportunity to Own a Busy Restaurant in Chinatown! Prime high-traffic location with excellent exposure and a large outdoor billboard sign. Features a fully equipped commercial kitchen suitable for all types of cuisines. Main floor restaurant plus a second-floor apartment with 3 rooms and a full basement. The second-floor rooms are currently rented, providing additional rental income. With LLBO license. Recently renovated with walk-in cooler & freezer and quality equipment throughout. Turnkey operation. Seller willing to provide training. Great opportunity for owner-operators or investors. The second floor can be owner-occupied or continue to be leased, currently generating $2,355/month in sublease income to help offset the gross rent. All Chattel And Equipment Are Included.

General Info:

Property Type:: Commercial

Property Sub Type:: Sale Of Business

Total Area:: 2500 sq. ft. Square Feet

Total Area:: 2,500 sq. ft.232 m2

Retail Area:: 1500 sq. ft. Sq Ft

Office/Apt Area:: 1000 sq. ft. Sq Ft

Lot Depth:: 0'0 m

Lot Frontage:: 0'0 m

Water supply:: Municipal

Zoning:: Commercial

Inclusions:

The second floor can be occupied or continue to sub-lease, currently generating $2,355/month in sublease income to help offset the gross rent of $12,883/month ( Include Tmi & Hst ). Lease Term Till August 31st, 2028 And Another 5 Years Renewable.