$229,000
Available - For Sale
Listing ID: X10426803
2559 Princess St South , Kingston, K7P 2W8, Ontario
| Make money day one! This turnkey, fully operational Indian Takeout/Delivery Restaurant (QSR) is now for sale. The Seller may consider transferring the name and menu to the successful Buyer. This unit is in an excellent high-traffic plaza at the south west corner of Princess St. and Gardiners Road, one of Kingston's busiest intersections, and adjacent to the Cataraqui Mall. There is ample on-site parking. The current lease has a very attractive rental rate and expires mid-2031. There are two optional five-year renewal periods. If the current set-up does not suit the Buyers intended use the space can be easily rebranded for other QSRs such as Chinese, Thai etc. (Note: Pizza take-out and Subway are existing tenants). The high-quality fit-up, completed in 2023, includes a 12 exhaust hood, suppression system, walk-in fridge and freezer, 2 x double sinks, cooking range, oven, wok burner and fryer, as well as all other components of a modern commercial kitchen. |
| Price | $229,000 |
| Taxes: | $5000.00 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 2559 Princess St South , Kingston, K7P 2W8, Ontario |
| Postal Code: | K7P 2W8 |
| Province/State: | Ontario |
| Legal Description: | PT LT 9 CON 2 KINGSTON PART 1, 13R2223 , |
| Lot Size: | 313.60 x 155.60 (Feet) |
| Directions/Cross Streets: | SW Corner of Princess St. and Gardiners Rd. |
| Category: | Without Property |
| Use: | Fast Food/Take Out |
| Building Percentage: | N |
| Total Area: | 1120.00 |
| Total Area Code: | Sq Ft |
| Retail Area: | 1120 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway Public Transit |
| Approximatly Age: | 16-30 |
| Business/Building Name: | Namaste Fine Indian Cuisine |
| Financial Statement: | N |
| Chattels: | Y |
| Franchise: | N |
| Days Open: | 6 |
| Hours Open: | 4-10 |
| Employees #: | 3 |
| Seats: | 0 |
| LLBO: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Y |
| Sewers: | Sanitary |
| Water: | Municipal |
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| ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE |
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|
Simon Huang
Broker
Bus:
905-241-2222
Fax:
905-241-3333
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Frontenac |
| Municipality: | Kingston |
| Neighbourhood: | North of Taylor-Kidd Blvd |
| Lot Size: | 313.60 x 155.60(Feet) |
| Approximate Age: | 16-30 |
| Tax: | $5,000 |
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