174 King ST new Save Request In-Person Tour Request Virtual Tour
London,ON N6A 1C6
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $58
MLS Listing ID X11905497
Tax Year 2024
Property Description
Exceptional Opportunity to Open Your Own Restaurant at 174 King St, Downtown London, ON! For the first time in over 18 years, this iconic 3,400 SF restaurant space is available for sale in the heart of downtown London. Ideally situated amidst new development, including the "Aqui on King" high-rise and just steps from the Covent Garden Market, this prime location offers unmatched visibility and foot traffic. This fully-equipped space includes a 12-foot commercial hood, an 8x8ft walk-in cooler, tandoor oven, commercial dough mixer, deep fryer, 6-burner stovetop, 4-section electric buffet station, prep tables, and more. The recently renovated bar is complemented by a TRANSFERABLE liquor license, and the sale includes tables, chairs, and other essential equipment (full chattels list available in the documents tab). The lease, signed in 2024, is highly favorable with a 5-year term at $6,000 plus hst and utilities monthly. The space is licensed to accommodate up to 135 patrons, and an agreement with the parking lot across the street provides your customers with FREE parking. Additionally, two exclusive parking spots are included behind the building. Take advantage of the City of London CIP Incentives, offering grants and loans to support small businesses in the area. Don't miss this rare opportunity to establish your restaurant in one of the citys most sought-after locations. Chattels only sale!
Location
Province ON
County Middlesex
Community East K
Area Middlesex
Region East K
City Region East K
Interior
Cooling Yes
Exterior
Community Features Public Transit
Lot Depth 60.1