39 Bedford Street, Westport, Ontario K0G 1X0

FULLY TENANTED - MIXED COMMERCIAL BUILDING FOR SALE, IN THE HEART OF WESTPORT, ONTARIO! WESTPORT IS A TOURIST TOWN ON THE UPPER RIDEAU, WHICH BRINGS TRAVELLERS THROUGHOUT THE YEAR. THE OWNER HAS OPERATED A VERY SUCCESSFUL RESTAURANT BUSINESS FROM PART OF THIS BUILDING FOR 47 YEARS. THE BUILDING OFFERS A 4200 SQ.FT. RESTAURANT CURRENTLY WITH A 5 YEAR LEASE TO MILANOS; 700 SQ.FT. OFFICE SPACE, CURRENTLY RENTED; AND A 700 SQ.FT. ONE BEDROOM APARTMENT THAT IS CURRENTLY RENTED. MONTHLY INCOME: $5900. LIQUOR LICENSE FOR 212 PEOPLE IN THE RESTAURANT. FULL KITCHEN, SEPARATE 900 SQ.FT. AREA FOR PRIVATE OCCASIONS. ALL FURNITURE AND FIXTURES INCLUDED. Seller will consider a Vendor Take Back for 50% of the financing, to a qualified Buyer. 7% CAP Rate before expenses. (id:27476)

This property is a leasehold, with a total of 10 parking spaces available.

For sale is a mixed commercial building situated in the heart of Westport, Ontario. Westport is a popular tourist town located on the Upper Rideau, attracting visitors throughout the year. The current owner has successfully operated a restaurant business within the building for nearly five decades. The building comprises a 4200 sq.ft. restaurant, 700 sq.ft. of office space, and a 700 sq.ft. one-bedroom apartment that is currently rented out. The potential monthly income from this property is estimated at $5900. The restaurant holds a liquor license for up to 212 people, and it features a full kitchen and a separate 900 sq.ft. area for private events. The sale includes all furniture and fixtures. Additionally, the seller is open to considering a Vendor Take Back for 50% of the financing for a qualified buyer.

The property is located at 39 Bedford Street in Westport, Ontario, and is being offered for sale. It sits on a land size of 77 ft X 135 ft (Irregular Lot) and has a postal code of K0G1X0.