Chattels-only sale opportunity at 360 Springbank Drive with an attractive lease rate! This 3,500 sf prime corner unit is situated in a well-established plaza in Springbank, one of London's most sought-after neighbourhoods, with excellent exposure and ample free parking. The premises feature a fully ...built-out restaurant with a large turnkey commercial kitchen and bar, including over 15 feet of commercial exhaust hood, walk-in cooler, walk-in freezer, dishwashing equipment, flat-top grill, gas grill, prep tables, and much more. The exterior offers a newly constructed covered and heated patio, plus a separate uncovered patio area. The restaurant was previously licensed for up to 132 patrons indoors and 50 patrons on the patio. Existing bar includes 4 under counter coolers and a keg dispensing cooler. Additional features include three renovated washrooms and an active liquor sales licence, subject to AGCO approval and transfer requirements. Lease rate is $24.00 per sq. ft. net, plus approximately $8.50 per sq. ft. TMI, totalling approximately $9,479.17 per month plus HST and utilities. Chattels only-the existing business and trade name are not included. All information is to be independently verified by the buyer. The Seller is willing to offer flexible payment arrangements to qualified buyers for the purchase of existing chattels.
Full Property Details
General
Business Type
Restaurant
Retail Area
3500.00 Sq Ft
Total Area
3500.00 Square Feet
Sprinklers
-
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
Restaurant
Retail Area
3500.00 Sq Ft
Total Area
3500.00 Square Feet
Sprinklers
-
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
0
Heating Fuel
Gas Forced Air Open
Air Conditioning
Yes
Washrooms
0
Heating Fuel
Gas Forced Air Open
Air Conditioning
Yes
Exterior
Depth
203.9
Front
252.15
Lot Size
252 x 203.9 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
CSA1
Depth
203.9
Front
252.15
Lot Size
252 x 203.9 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
CSA1
Building Description
Home Type
Commercial
Subtype
Sale Of Business
Water Supply
Municipal
Possession Date
12/1/2026
Home Type
Commercial
Subtype
Sale Of Business
Water Supply
Municipal
Possession Date
12/1/2026
Community
Community
South D
Community
South D
Taxes & Fees
Taxes
$8.50 /yr
Tax Year
2026
Occupancy
Vacant
Taxes
$8.50 /yr
Tax Year
2026
Occupancy
Vacant
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