INCREDIBLE OPPORTUNITY TO TAKE OVER A STUNNING AND FULLY EQUIPPED RESTAURANT IN THE HIGHLY SOUGHT AFTER - HEART OF LITTLE ITALY! This space is offered as a 2.5-year sublease or with the option to negotiate a new long-term lease, this 1,300 sq. ft. space features a functional and fully equipped kitchen, seating for approx. 35 guests, a large and trendy fully stocked bar, 2 large washrooms, an additional prep and storage space in the basement, and separate back entrance to 3-car parking. Located on tourist-friendly Preston Street, surrounded by plenty of established restaurants, and retail, government offices and residential towers; this location provides excellent exposure and steady foot traffic. Triple-net rent is $4,200/month plus HST, with additional rent of approximately $900/month plus HST. All potential tenants must purchase the restaurant assets for $75,000 and provide proof of restaurant experience and financial capability. See Attached Feature Sheet for All Assets Included in Purchase Price. This property can also be offered as a sale of business. (id:49712)
MLS® Number | X12474426 |
Property Type | Retail |
Neigbourhood | Little Italy |
Community Name | 4502 - West Centre Town |
Farm Type | Other |
Heating Fuel | Natural Gas |
Heating Type | Forced Air |
Size Interior | 1,300 Ft2 |
Utility Water | Municipal Water |
Acreage | No |
Size Depth | 100 Ft |
Size Frontage | 25 Ft |
Size Irregular | Unit=25 X 100 Ft |
Size Total Text | Unit=25 X 100 Ft |
Zoning Description | Commercial |
https://www.realtor.ca/real-estate/29015603/424-preston-street-ottawa-4502-west-centre-town
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