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$229,000
Available - For Sale
Listing ID: X10426803
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: $5,000
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: 313.6 x 155.6 (Feet)
Directions/Cross Streets: SW Corner of Princess St. and Gardiners Rd.
Zoning: C2-24
Category: Without Property
Use: Fast Food/Take Out
Building Percentage: N
Total Area: 1,120
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

2559 Princess St South , Kingston, K7P 2W8, Ontario

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Paulette Zander
Sales Representatives
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416-456-7481
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416-203-6636
Fax:
416-203-1908

 
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At a Glance:
Type: Com - Sale Of Business
Area: Frontenac
Municipality: Kingston
Neighbourhood: North of Taylor-Kidd Blvd
Style:
Lot Size: 313.60 x 155.60(Feet)
Approximate Age: 16-30
Tax: $5,000
Maintenance Fee: $0
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908