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Awesome Location Right On Yonge & Wellesley Corner, Well Known Restaurant Business. Two Different Seating Area, With Full Basement, Rare To Find In Downtown S! Can Be Converted To Any Approved Business: Restaurant, Fast Food. Bar Any Type Of Restaurant Etc. No Demolition Clause In The Lease Agreement. **** EXTRAS **** Rent $19,662/ Monthly (Include Tmi , Hst ), Lease Term Till July 31, 2026. Can Negotia New Lease With Landlord. (id:27476)
Located at the prime intersection of Yonge and Wellesley, this well-known restaurant business boasts an exceptional location. The establishment features two distinct seating areas and a full basement, a rare find in downtown Toronto. The property is versatile and can be easily converted to accommodate any approved business, whether it be a restaurant, fast food establishment, bar, or any other type of eatery. Notably, the lease agreement does not include a demolition clause, providing stability and security for the future of the business.
Offered at a monthly rent of $19,662, which includes TMI and HST, the lease for this property extends until July 31, 2026. There is also the possibility to negotiate a new lease with the landlord, offering flexibility for potential buyers. This property presents an excellent opportunity for entrepreneurs looking to establish a thriving business in a bustling urban setting.
Furthermore, the property is situated at 570 Yonge St. in the vibrant city of Toronto, Ontario. The postal code for this location is M4Y1Z3, and it is nestled within the bustling community of Bay Street Corridor. Additionally, the property is fully air conditioned, ensuring a comfortable environment for patrons throughout the year.
