$299,900
Available - For Sale
Listing ID: X11972157
371 Princess St North , Kingston, K7L 1B9, Ontario
| Presenting a unique opportunity to acquire a well-established and fully equipped restaurant located in a prime leased space in downtown Kingston, positioned at a strategic corner. The premises encompass a total of 9,800 square feet, which includes a ground floor area of 4,905square feet, a basement of 3,775 square feet, and a mezzanine of 1,120 square feet. The property is secured by a long-term lease agreement, including 10 parking spots at the back, with additional rental costs covering realty taxes, common area maintenance (CAM), and landlord insurance. Base rent ($13,400.91)& additional rent, together is $18,454/month. The restaurant boasts excellent visibility with prominent signage on the premises. Please note that financials are not currently available. |
| Price | $299,900 |
| Taxes: | $43149.00 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy by: | Tenant |
| Address: | 371 Princess St North , Kingston, K7L 1B9, Ontario |
| Postal Code: | K7L 1B9 |
| Province/State: | Ontario |
| Legal Description: | Business for sale in lease premises, ope |
| Lot Size: | 65.52 x 131.44 (Feet) |
| Directions/Cross Streets: | Downtown Kingston, North of Princess and west side of Barrie Street |
| Category: | Without Property |
| Use: | Restaurant |
| Building Percentage: | N |
| Total Area: | 9800.00 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 4905 |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 0-5 |
| Financial Statement: | N |
| Chattels: | Y |
| Franchise: | N |
| Days Open: | 6 |
| Hours Open: | 3-11 |
| Employees #: | 5 |
| Seats: | 140 |
| LLBO: | Y |
| Sprinklers: | Y |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Sewers: | Sanitary |
| Water: | Municipal |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX FINEST REALTY INC., BROKERAGE |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Frontenac |
| Municipality: | Kingston |
| Neighbourhood: | East of Sir John A. Blvd |
| Lot Size: | 65.52 x 131.44(Feet) |
| Approximate Age: | 0-5 |
| Tax: | $43,149 |
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