#Unit 1 405 Wharncliffe Road South, London South (South E) - Business for Sale
#Unit 1 405 Wharncliffe Road South, London South (South E), Ontario, N6J2M3
This business in London South is for sale offering roughly 1,650 sq ft of space. It has been on the market 29 days, fresher than the London South average of 59 days.
Description
Prime Turnkey Restaurant! situated in one of London's busiest area of Wharncliffe Rd S, with excellent visibility, daily traffic count approx. 35,000 vehicles per day and Ample onsite Parking. The current Indian/Pakistani concept restaurant is over 1600 sq. ft with dine-in area for over 40 seats, plus takeout and catering services. Purchase Price Includes All Equipment and Chattels, with a Fully Equipped Kitchen that includes 2 Commercial Kitchen Hoods, Walk-in Cooler & Freezers, Tandoor Oven, Gas grills, etc. and ample prep space. Located in central London with quick access to Western University, Victoria Hospital, and high density Residential & Commercial developments, this is a fantastic opportunity to own a successful turnkey business in a fantastic location, with Affordable Rent and Favorable Lease terms with Renewal Options, and Continue the current South Asian concept or Rebrand to a Different Concept (id:66096)
Property Details
- MLS®
- X13870704
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- AC3/AC4
- Bathrooms
- 2
- Interior Size
- 1,650 ft²
- Lot Size
- 174 × 251 ft (1.00 acres)
- Frontage
- 174 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 29 days ago
Features
- Lot Features
- Irregular lot size
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 29 days on market, against an average age of 59 days across the listings currently for sale in this city
This business in London South (South E) has been listed for 29 days, which is 30 days fresher than the city average of 59. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N6J)
This home lists at $140,000, about 2.2× the local median household income of $65,000.
Carrying it typically needs a household income of about $27,347 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $65,000
- Population
- 27,497
- Median age
- 43.6
- Owner / renter
- 49% / 51%
- Avg. household size
- 2.1
Source: Statistics Canada, 2021 Census (FSA N6J)
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$140,000
London South