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1150 Kingsway Avenue Vancouver, British Columbia V5V 3C8

1700 sqft

$299,000

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:43859)

Business

Business Type Restaurant
Business Sub Type Restaurant

Property Details

MLS® Number C8038722
Property Type Business

Building

Fire Protection Alarm System
Fireplace Present No
Size Interior 1700 Sqft

Land

Acreage No
Size Irregular 1000
Size Total 1000 Sqft
Size Total Text 1000 Sqft
Zoning Description C-1

https://www.realtor.ca/real-estate/23306833/1150-kingsway-avenue-vancouver


Renanza Realty Inc.
#600 - 777 Hornby Street
Vancouver, British Columbia V6Z 1S4

(888) 428-6808
(888) 428-6808

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