Salehian.com 647-325-5000

489 2nd AVENUE N

City Park, Saskatoon, SK, S7K2C1

Listed by Royal LePage Varsity

$149,900

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  • 3340 sq ft

Listed 93 days ago · MLS® SK043148

About this home

Excellent opportunity to acquire a well-established, fully equipped Vietnamese restaurant in a high-exposure downtown Saskatoon location. The lease includes approximately 1,578 sq. ft. of main-floor restaurant space, plus a 2-bedroom basement living quarters included at no additional base rent. Current base rent is $6,000/month plus $500/month occupancy costs (+ GST), with the tenant responsible for separately metered gas and electricity. There are also shared occupancy cost with the church above. Occupancy costs include property taxes, building insurance, water, common area maintenance, snow removal, landscaping, and other building operating expenses. Current lease expires February 28, 2027, with one 5-year renewal option available (subject to the lease terms). The restaurant features quality leasehold improvements, a fully equipped commercial kitchen, and a spacious dining area. Two designated parking stalls are included. Financial statements are available to qualified buyers upon signing a Confidentiality Agreement (NDA). Please do not approach staff or discuss the sale with employees. All showings are by appointment only. (id:66966)

Details

Type
Business
Size
3340 sq ft
Neighbourhood
City Park
Municipality
Saskatoon

Interior

Fireplace
No

Heating, cooling and services

Heating
Hot Water, Furnace

Building and exterior

Year built
2012
Building area
3,340 square feet

Location

Location is approximate. See nearby homes on the map

Listed by Royal LePage Varsity.

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