186 KING ST new Save Request In-Person Tour Request Virtual Tour
Thames Centre,ON N0M 2P0
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Subdivision Thorndale
MLS Listing ID X12467339
Annual Tax Amount $2,317
Tax Year 2024
Property Sub-Type Sale Of Business
Property Description
This restaurant is for lease with a security deposit of $49,000. Thorndale Family Restaurant has been serving the community since 1988. The sellers are willing to help accommodate improvements to the property and will consider accepting the renovations in lieu of a security deposit. Currently it offers a spacious seating area spanning 1,585 sq ft, while also providing 450 sqft office space on the upper level. The restaurant boasts a liquor license for 73, with 200-amp power supply. The Owners are willing to onboard/train new owners. A new lease will be negotiated with a 5 yr term with additional three 5 year renewal terms available. Thorndale is a busy community only 10 mins away from London (International Airport, Western University, Fanshawe College, pop approx 420,000+ ). With a new owner this property is primed to continue its legacy as a gathering place
Location
Province ON
County Middlesex
Community Thorndale
Area Middlesex
Zoning Commercial
Interior
Cooling Yes
Inclusions All restaurant chattels listed in Schedule C excluding anything on consignment, leased or rented
Exterior
Parking Features Double Detached
Building
Lot Description Lot