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489 2nd AVE N Saskatoon, SK S7K 2C1
3,340 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 3,340 sqft
Price per Sqft $44
Subdivision City Park
MLS Listing ID SK043148
HOA Y/N No
Year Built 2012
Property Sub-Type Business
Property Description
Excellent opportunity to acquire a well-established, fully equipped Vietnamese restaurant in a high-exposure downtown Saskatoon location. The lease includes approximately 1,578 sq. ft. of main-floor restaurant space, plus a 2-bedroom basement living quarters included at no additional base rent. Current base rent is $6,000/month plus $500/month occupancy costs (+ GST), with the tenant responsible for separately metered gas and electricity. There are also shared occupancy cost with the church above. Occupancy costs include property taxes, building insurance, water, common area maintenance, snow removal, landscaping, and other building operating expenses. Current lease expires February 28, 2027, with one 5-year renewal option available (subject to the lease terms). The restaurant features quality leasehold improvements, a fully equipped commercial kitchen, and a spacious dining area. Two designated parking stalls are included. Financial statements are available to qualified buyers upon signing a Confidentiality Agreement (NDA). Please do not approach staff or discuss the sale with employees. All showings are by appointment only.
Location
Province SK
Area Saskatoon
Interior
Heating Floor Furnace, Hot Water, Rooftop
Inclusions Equipment & Machinery, Fixtures, Goodwill, Leasehold Improvements, Parking, Trade Name
Fireplace No
Exterior
Parking Features On Site
Total Parking Spaces 2
Others
Pets Allowed No
Ownership Leasehold
Security Features Security System Owned
Listed byRoyal LePage Varsity