121 PRESTON STREET, Ottawa, Ontario, K1R7P3

Property Description

Rent just $2650/month, downtown Ottawa's restaurant is for sale! This is a fantastic business opportunity. The restaurant locates in an excellent place in Ottawa's Little Italy, close to Chinatown, within Ottawa's renowned Asian and Italy dining district. It enjoys a steady flow of customers, offers free parking, and has convenient evening and weekend parking spots. In every summer, during the Italian Food Festival, stalls can be set up on the roadside in front of the restaurant to sell food. Additionally, there is a patio outside of the restaurant. The planned newly built Ottawa Senators stadium just nearby walking distance is expected to bring a significant increase in foot traffic. The kitchen and dining area are fully equipped and ready for immediate use(including value $50000 range hood). The restaurant has received high ratings on Google and has been featured in media outlets such as the Ottawa Citizen and CTV. This is an excellent opportunity to own a well-known restaurant(you can use your brand and food style) in the heart of Ottawa's vibrant dining district, with lowest rent and a large of fixed takeout customers. It is wonderful chance for long time investment( First lease can be five years then extension every five years with competitive rent). (id:64974)

Quick Facts

• Property Type: Business
• Bedrooms: None
• Bathrooms: 2
• Living Area: 2,000 sq ft (185.8 m²)
• Frontage: 37 ft (11.2 m)

Costs

• Annual Taxes: $13,200.00

Listing Provided by: COLDWELL BANKER FIRST OTTAWA REALTY
Board: Ottawa Real Estate Board
Data provided via CREA DDF®.