Toronto, ON M5A1K2 25431 - 259 KING STREET E

25431 - 259 KING STREET E Toronto, ON - Image 125431 - 259 KING STREET E Toronto, ON - Image 225431 - 259 KING STREET E Toronto, ON - Image 3
Presented By: Rohan Khanna with Royal LePage Real Estate Services Ltd. ;
  • MLS# C9418383
  • 10/20/2024
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  • Baths • 2

Home Details

Superb Franchise restaurant opportunity located at King St E & Sherbourne St, heart of downtown Toronto. Features include Restaurant surrounded by George Brown College campus, major offices/banks & condos ensuring strong and stable customer base for lunch + dinner. Great potential for 24/7 operations. Directly connected to TTC, street cars (East/West) and bus service (North/South). Large condo towers by reputed builders: Pemberton - Time & Space 29 storeys complete 1600 condos - occupants moving in, Cityzen & Fernbrook - St Lawrence Condos 26 storeys complete 482 condos -occupants moving in, Menkes - The Whitefield - 39 storeys under construction 470 condos, First Gulf - EQ Bank Tower 23 Floors Exterior complete, working on interiors - anticipated ready to move in by Q1 2025.These developments bringing in estimated 9000+ new customers (in addition to existing customers) within 300m of the restaurant. At least 3 other major developments including Fitzrovia Retirement Homes anticipated to break ground soon within 100 meters of the restaurant; Notice by City of Toronto are up. New LRT is located within walking distance, Scotia Bank & Waddington Auction House located next door; National Bank, RBC, BMO; CIBC, Globe & Mail (Air Miles, Yellow Pages, many more) within 2 minute walk; Coca-Cola National Office and No Frills located within 50 meters; LCBO, Pet Store, Toronto Opera Company, Fire Station within 1 minute. This restaurant has the latest equipment: complete remodel including all equipment: 2 cold wells,1 hot well, 1 proofing & baking unit, 2 toaster ovens, Brand new HVAC unit, LED Lighting, New flooring and walls, seating capacity for up to 32 guests with 2 Toilets (plus small office space). Rapidly developing customer base; average household income of $135,000. Rent frozen for 2yrs and lease good thru 2028 with another option to extend the lease by another 5 yrs. Low TMI. Net Price includes all brand new equipment, furniture, newly installed HVAC, inventory. **** EXTRAS **** This turnkey ready to move in restaurant presents a rare opportunity for new entrepreneurs (immigrants and citizens alike ensuring long term employment and ownership); Seller open to partnership. (id:27)
Presented By: Rohan Khanna with Royal LePage Real Estate Services Ltd. ;

Interior Features for 25431 - 259 KING STREET E

Bathrooms

Total Baths2
Total Baths2

Other Interior Features

Cooling TypeFully air conditioned
Fireplaceno
Heating FuelElectric
Heating TypeForced air

General for 25431 - 259 KING STREET E

AppliancesRefrigerator
Business SubtypeBusiness SubType
Business TypeBusiness Type
Garageno
Location DescriptionKing St E & Sherbourne St
NeighbourhoodMoss Park
Parkingno
Property Sub TypeCommercial Business
Property TypeBusiness
TermsSALE
Wheel Chair Accessno
ZoningCommercial

Exterior for 25431 - 259 KING STREET E

Poolno
Waterfrontno

Additional Details

Michael Fenn

Sales Representative
Price $299,900
MLS#C9418383
List Date 10/20/2024
Property Type Commercial
Phone 647.230.4349
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