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Main Photo:  in Victoria: Vi James Bay Business for sale : MLS®# 952154
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
952154
This is a great opportunity to take over a turn-key restaurant space in a beautiful area close to the Inner Harbour. This location has undergone a massive upgrades over the last several years including a 10ft Wells ventless commercial hood system which allows this cafe space to operate as a full restaurant to accommodate any time of food concept.The restaurant has seating for approximately 50 people plus a small street-front patio which is bordered by cherry blossom trees.The space has high ceilings, great natural light, and a well-laid-out floor plan allowing for an easy flow of customers and ample space for the kitchen and waiting staff.The restaurant operates as a breakfast and lunch business but was previously approved for a food primary liquor license which would also allow the operator to create a thriving dinner business.The lack of late-night options in the area provides an untapped market for dinner and drink service. New 5 yr lease in place. NDA Required for more details.
Property Type:
Commercial Sale
Type:
Business
Commercial Type:
Business
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi James Bay, Victoria
Bathrooms:
- (Full:-/Half:-)
Taxes:
Number of Storeys:
3
Ceiling Heights:
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Victoria
Legal Description:
Units in Building:
Units in Community:
Business Type:
Restaurant/Bar
Total Units:
Date Listed:
Jan 30, 2024
Original Price:
174000.0
  • Photo 1:  in Victoria: Vi James Bay Business for sale : MLS®# 952154
    Photo 1 of 1
Listed by Pemberton Holmes - Cloverdale
Data was last updated April 19, 2024 at 07:30 AM (UTC)
Area Statistics
Listings on market:
87
Avg list price:
$899,000
Min list price:
$20,000
Max list price:
$10,350,000
Avg days on market:
70
Min days on market:
4
Max days on market:
631
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.