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$ 49,000
Est. payment | /mo
2 Baths
$ 49,000
Est. payment | /mo
2 Baths
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Subdivision Thorndale
MLS Listing ID X12467339
Annual Tax Amount $2,317
Tax Year 2024
Property Sub-Type Sale Of Business
Property Description
This restaurant is for lease with a security deposit of $49,000. Thorndale Family Restaurant has been serving the community since 1988. The sellers are willing to help accommodate improvements to the property and will consider accepting the renovations in lieu of a security deposit. Currently it offers a spacious seating area spanning 1,585 sq ft, while also providing 450 sqft office space on the upper level. The restaurant boasts a liquor license for 73, with 200-amp power supply. The Owners are willing to onboard/train new owners. A new lease will be negotiated with a 5 yr term with additional three 5 year renewal terms available. Thorndale is a busy community only 10 mins away from London (International Airport, Western University, Fanshawe College, pop approx 420,000+ ). With a new owner this property is primed to continue its legacy as a gathering place
Location
Province ON
County Middlesex
Community Thorndale
Area Middlesex
Interior
Cooling Yes
Exterior
Lot Frontage 163.34
Lot Depth 100.37
Others
ParcelsYN No
Listed by EXP REALTY
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