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$20
Available - For Rent
Listing ID: X12110991
This is a fantastic opportunity to own a fully established bakery, deli, and restaurant in a premier downtown Kingston location in operation since 1963. The asking price is all equipment, goodwill and contacts - The property spans two levels, with 2,546 square feet on the main floor dedicated to a service area with comfortable dining, plus an additional 2,546 square feet on the lower level, featuring a commercial kitchen that is fully outfitted with high quality equipment and includes rear door access. The entire 5,092 square feet is available at a competitive net lease rate of $17.50 per square foot ($2.50 PSF discount for 5 year from regular 20.00 PSF given to purchaser of existing business) , with an additional $7.50 per square foot in operating costs (TMI). Also available is the dedicated parking spot in the adjacent municipal lot for just $156 per month and access to a seasonal patio leased from the city. A detailed list provided of income, expenses, catering clients, suppliers and equipment details is available to serious buyers. Significant updates have been made in 2024, including a new HVAC system, freezer compressor, and evaporator coil. Seize this turnkey opportunity in one of the most desirable spots in Kingston!
Price $20
Minimum Rental Term: 36
Taxes: $7.5
Tax Type: TMI
Occupancy by: Owner
Address: 111 PRINCESS Stre , Kingston, K7L 1A8, Frontenac
Postal Code: K7L 1A8
Province/State: Frontenac
Legal Description: PT LT 197 ORIGINAL SURVEY KINGSTON CITY
Directions/Cross Streets: PRINCESS STREET AND WELLINGTON ST
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Retail
Use: Hospitality/Food Related
Building Percentage: F
Total Area: 5,092
Total Area Code:  Square Feet
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Approximatly Age: 100+
Financial Statement: F
Chattels: F
Franchise: F
Days Open: O
Employees #: 0
Seats: 50
Maintenance: 0
Expenses Actual/Estimated: $Act
Sprinklers: Yes
Soil Test: No
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Sanitary
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Down payment: $  
Interest Rate: %  
Amortization :  Years
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX FINEST REALTY INC., BROKERAGE

111 PRINCESS Stre , Kingston, K7L 1A8, Frontenac


 
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At a Glance:
Type: Com - Commercial Retail
Area: Frontenac
Municipality: Kingston
Neighbourhood: 14 - Central City East
Style:
Lot Size: x 136.00(Feet)
Approximate Age: 100+
Tax: $7.5
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
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