NewFor Sale

565 Richmond Street
London East, Middlesex, ON, N6A 3G2

Sale Of Business
TRREB
MLS® Number: X12284139
$199,000List Price
Sale Of BusinessProperty Type
900 sq ftSize
RestaurantBusiness Type
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Property Location

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Listing History

Buy/sell history for 565 Richmond Street, London East, ON N6A 3G2

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Description

Incredible opportunity to take over this lovely licensed restaurant located right in the heart of London's iconic Richmond Row. This well-positioned corner unit offers outstanding visibility with AAA signage and benefits from steady foot traffic in one of the city's busiest retail and entertainment corridors. The space is a manageable 900 sq ft, making it ideal for an efficient operation with low overhead. It comes fully equipped with an 8-ft commercial hood, a large walk-in fridge, and a liquor license for 40 patrons. The interior layout is well designed for both dine-in service and takeout, with cozy seating and a welcoming atmosphere. Current gross rent is $6,018 (including TMI) with 3 years remaining on the lease plus a 5-year renewal option available, offering excellent long-term security. This turnkey restaurant is an ideal candidate for rebranding into a wide range of concepts, franchises, or cuisines. Whether you're looking to bring in a new dining experience or expand an existing brand, this location has all the right ingredients for success. Please do not go direct or speak to staff or ownership.

Features

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Amenities

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Summary

Listing #:X12284139
Property Type:Sale Of Business
Size:900 sq ft
Land Size:55.83 x 64.41
Days on CPRB:
Garage:Other
Locker:None
On CPRB Since:
Listing Brokerage:ROYAL LEPAGE SIGNATURE REALTY

Rooms

Details

Property

Property Type:Sale Of Business
Municipality:Middlesex

Building

Size:900 sq ft

Inside

Bedrooms:0
Bathrooms:5
Kitchens:0
Family Room:No

Parking

Garage Type:Other
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Gas Forced Air Closed
Utility Sewer:Sanitary Available

Land

Cross Street:Richmond St & Albert St

$199,000

List price

565 Richmond Street, London East – Sale Of Business for sale · MLS® # X12284139