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
Address
186 King Street
List Price
$49,000
MLS® Status
New
Expiration Date
2026-01-02
Property Type
Commercial
Type of Dwelling
Sale Of Business
Transaction Type
Sale
Area
Thames Centre
Sub-Area
Thorndale
Region
Middlesex
Bathrooms
2
Lot Depth
100.37
Lot Type
Lot
Lot Size Units
Feet
Lot Width
163.34
Parcel Number
081550075
Occupant Type
Owner
Cross Street
Temperance
MLS® Number
X12467339
Listing Brokerage
EXP REALTY
Basement
No
Postal Code
N0M 2P0
Posession Details
flexible
Tax Amount
$2,317.00
Tax Year
2024
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
Double Detached