51 King St W
Haldimand, N0A1H0
UNAVAILABLE
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With Property
CATEGORY89.76 x 153.1
LOT SIZEX4391592
MLSIDContact Us
Property Description
Main Floor Restaurant & Bar: Fully Functional Run By Seller As Absentee Owner & Run By Manager. Gross Revenue: $250,000.00 (Approx.) Which Has Potential To Increase Up To $500,000.00/Annum If Operated & Managed By Owner. Excellent Opportunity For Owner Operator. Potential To Add Other Business Or Additional Motel Rooms In Vacant Space On Main Floor.
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Extras
2nd Floor: 15 Rooms. 12 Rooms Rented Through Social Housing To Low Income Government Benefits Recipients. Steady Income & Direct Payments. 2nd Floor Current Rent $7,750.00/Month; Upside Of $11,800.00/Month. 3 Rooms Can Be Built On 3rd Floor
Property Details
Category
With Property
Usage
Bar/Tavern/Pub
Zoning
Gerneral Commercial (Cg)
Lot Size
90' x 153'
Taxes
$14,500 (2018)
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Listing contracted with International Realty Firm, Inc., Brokerage
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Nearly 3,500 sqft mixed-use building offered via POWER OF SALE. Potential 7.5% cap rate once fully leased. Located on major Highway in Jarvis, ON. Ground flr is home to Haldimand County's longest-standing restaurant. 2,300 sqft open concept space feat. all brick fireplace. LLBO license allows 75 seats. All furniture & over 100k of restaurant equipment included. Second flr feat. recently renovated 1,200 sqft 1-bed apartment w/ ensuite laundry. Building exterior recently refurbished w/ stucco finish. Maintenance free metal roof. Entire building vacant. Turnkey restaurant is poised for immediate operation.
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