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12 Amelia Street | Toronto Central - Cabbagetown

Description

A successful restaurant income property located in Cabbagetown. Current tenants have extended their lease and have another 4 years remaining. Net lease that is earning 3% cap rate. Solid, well established clientele and operators. Business is not for sale, just the property.

Property Details

  • Asking Price: CAD $1,998,000
  • Type: Commercial/retail
  • Taxes: $13,938.54 / 2017 / Annual
  • Square Footage: Approximately 1,649 square feet
  • Lot Size: 58.33 x 30 feet
  • Heat: Gas forced air open
  • Inclusions: Kitchen in the lower level with additional sq.ft. land, building & chattels not owned by tenants.
  • Possession: To be arranged

A successful restaurant income property located in Cabbagetown. Current tenants have extended their lease and have another 4 years remaining. Net lease that is earning 3% cap rate. Solid, well established clientele and operators. Business is not for sale, just the property, owner’s chattels and lease.

Offered at $1,998,000.