565 Richmond Street London East, Ontario N6A 3G2
$199,000
Incredible opportunity to take over this lovely licensed restaurant located right in the heart of London's iconic Richmond Row. This well-positioned corner unit offers outstanding visibility with AAA signage and benefits from steady foot traffic in one of the city's busiest retail and entertainment corridors. The space is a manageable 900 sq ft, making it ideal for an efficient operation with low overhead. It comes fully equipped with an 8-ft commercial hood, a large walk-in fridge, and a liquor license for 40 patrons. The interior layout is well designed for both dine-in service and takeout, with cozy seating and a welcoming atmosphere. Current gross rent is $6,018 (including TMI) with 3 years remaining on the lease plus a 5-year renewal option available, offering excellent long-term security. This turnkey restaurant is an ideal candidate for rebranding into a wide range of concepts, franchises, or cuisines. Whether you're looking to bring in a new dining experience or expand an existing brand, this location has all the right ingredients for success. Please do not go direct or speak to staff or ownership. (id:41954)
Business
| Business Type | Restaurant |
| Business Sub Type | Restaurant/pub |
Property Details
| MLS® Number | X12284139 |
| Property Type | Business |
| Parking Space Total | 2 |
Building
| Bathroom Total | 5 |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 900 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 64 Ft ,4 In |
| Size Frontage | 55 Ft ,9 In |
| Size Irregular | 55.83 X 64.41 Ft |
| Size Total Text | 55.83 X 64.41 Ft |
| Zoning Description | Business Commercial |
https://www.realtor.ca/real-estate/28603567/565-richmond-street-london-east
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July 14 2025 09:56:22
Toronto Real Estate Board
Royal LePage Signature Realty