111 PRINCESS Street, Kingston, ON K7L 1A8

Kingston K7L 1A8 Ontario

MLS: X12110991

$20

Added 31 days ago | For Lease

Listed by: RE/MAX FINEST REALTY INC., BROKERAGE

About Property

This is a fantastic opportunity to own a fully established bakery, deli, and restaurant in a premier downtown Kingston location in operation since 1963. The asking price is all equipment, goodwill and contacts - The property spans two levels, with 2,546 square feet on the main floor dedicated to a service area with comfortable dining, plus an additional 2,546 square feet on the lower level, featuring a commercial kitchen that is fully outfitted with high quality equipment and includes rear door access. The entire 5,092 square feet is available at a competitive net lease rate of $17.50 per square foot ($2.50 PSF discount for 5 year from regular 20.00 PSF given to purchaser of existing business) , with an additional $7.50 per square foot in operating costs (TMI). Also available is the dedicated parking spot in the adjacent municipal lot for just $156 per month and access to a seasonal patio leased from the city. A detailed list provided of income, expenses, catering clients, suppliers and equipment details is available to serious buyers. Significant updates have been made in 2024, including a new HVAC system, freezer compressor, and evaporator coil. Seize this turnkey opportunity in one of the most desirable spots in Kingston!

Features

  • House Style:Commercial Retail
  • Bathrooms:
  • Land Size: 21 X 136
  • Water:Municipal
  • Garage Spaces: /Other
  • Driveway:
  • Heating Fuel:
  • Cross Street:PRINCESS STREET AND WELLINGTON ST
  • Basement: ,
  • Possession Date:TBD
  • Annual Property taxes: $7.5
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12110991

About Agent
Harpreet Singh
REALTOR®
(647) 825-3131 [email protected]
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