Address
1150 KINGSWAY AVENUE Vancouver, BC
Price
$ 299,000
Property Attributes
  • ID#C8038722
  • TypeBusiness Op
  • CityVancouver
  • Postal CodeV5V 3C8
  • StyleRestaurant
  • Price$ 299,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1700
  • Lot Size1,000 SqFt
Listing Provided Courtesy Of:
Renanza Realty Inc.
Data Source:
Canadian Real Estate Association
Property Description

Great restaurant located on the southside of 1150 Kingsway in a highly visible and busy corridor of Kingsway. Ample space with parking at the rear. A fully finished restaurant for sale with all the essentials ready for a turn key operation. Details Great lease rate at $3100 for base rent. $1300 additional rent which covers property taxes, insurance and utility bills. Size: 1700 sf restaurant. About 1000 sf for storage, running catering business, office and employee rooms. Upstairs include 4 bedroom 1.5 baths home A large 1500 sf suite is also included in the price to rent for only $1500 a month. The advantage is to rent the upstairs out room for room to maximize rental revenue to pay for the restaurant lease. This will cut costs. Four year lease term with three years renewable option. Currently six months into the lease. Lease rate is about $13.78 per sf per annum for the restaurant. The restaurant needs a new grease trap. (id:7434)

General Features

Business Sub Type Restaurant
Business Type Restaurant
More Information Link https://www.realtor.ca/real-estate/23306833/1150-kingsway-avenue-vancouver
Property Type Business
Zoning Description C-1

Interior Features

Building Fireplace Present False

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Business Op Average in V5V 3C8

Price
AVG $300K
$300K
Visits
AVG 3
2