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
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Retail Area:
2035 sq. ft. Sq Ft
Lot Depth:
100'4½"30.6 m
Lot Frontage:
163'4"49.8 m
Bathrooms:
2.0
Water supply:
Both
Zoning:
Commercial
Heating type:
Gas Forced Air Closed
Garage:
Double Detached
Possession Details:
flexible
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$2,317 /
2024
Assessment:
$- /
-
Middlesex
Thames Centre
Thorndale
All restaurant chattels listed in Schedule C excluding anything on consignment, leased or rented
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