Description

Welcome to 131-133 Garafraxa Street South, a storefront/retail/office space plus 3 bedroom residential suite in downtown Durham, in the heart of Grey County. This impressive property, with its high ceilings, updated mechanicals and ideal central location with plenty of vehicle and pedestrian traffic, offers a wide range of options for either an investor/landlord, or an owner/operator. Zoned C1-General Commercial, the property is eligible for a variety of permitted uses (See Documents tab for zoning bylaw details.), from business/professional office space or a medical clinic, to a bakery or a specialty food or other retail store. For several years, the property had been home to The Garafraxa Cafe, a coffee bar/pub providing a comfortable and popular gathering place for local residents and tourists alike. The Cafe served a variety of "lite bites", and an assortment of specialty coffees and locally crafted beers, ciders and wines. It also included a full stage, complete with a professional lighting and sound system, which regularly played host to musical and theatrical performances, and other events. For an interested buyer, this could be a turnkey opportunity to reopen the Cafe, as all of the operating assets (See list in Documents tab.)remain on the premises and, while excluded from the listing price, are negotiable. Complementing the street level, the second floor features a spacious 3 bedroom, 1-1/2 bathroom apartment, flooded with natural light from 3 sides, as the property to the north is only 1 storey. The apartment has a separate entrance from the street and, as the property is built into a hillside, it also has a walkout to a private, fenced backyard. Currently owner-occupied, it can be vacant upon closing, so you can live in, or enjoy a secondary source of rental income at market rates. This property must be seen to be fully appreciated.

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