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1295 Highbury Avenue N A008, London East, ON N5Y 5L3

London East, ON, N5Y 5L3 · East A

3 Baths
— Sq Ft
Sale Of Business Type
X13463684 MLS#

About this property

Exceptional opportunity to acquire a fully equipped turnkey restaurant business in a highly visible northeast London location. Currently set up for Mediterranean cuisine, this versatile opportunity is ideal for an owner-operator, investor, franchise conversion, or restaurateur looking to establish a new concept without the significant cost, delays, and expense associated with building a restaurant from scratch.The premises feature seating for 50+ guests with potential for additional seating, three washrooms, a professionally equipped commercial kitchen, multiple cooking stations, walk-in cooler, walk-in freezer, recently serviced hood and ventilation systems, and equipment that is less than two years old. All equipment and chattels required to operate will remain with the business, allowing for a seamless transition.Located within the established Highbury and Huron commercial corridor, the business benefits from excellent visibility, strong vehicle traffic, ample on-site customer parking, and convenient access to Veterans Memorial Parkway and Highway 401. Surrounded by major retailers, restaurants, service businesses, and industrial employers, the area is home to Walmart, Tim Hortons, Starbucks, McDonald's, Dairy Queen, Taco Bell, A&W, Chuck's Roadhouse, Harvey's, Firehouse Subs, Pizza Nova, Domino's, Papa John's, Subway and numerous other national and local businesses.Currently operating under a valid City of London Food Premises Business Licence and set up to serve Halal cuisine. The business is currently in YEAR 1 of a 5-year lease extension, with current base RENT of $4,140/month plus TMI and utilities.Whether continuing as a Mediterranean restaurant or introducing a completely new dining concept, the extensive leasehold improvements, commercial kitchen infrastructure, hood system, walk-in cooler, walk-in freezer, and dining area are already in place, allowing the next owner to focus on launching their business rather than undertaking a costly build-out

Features & Amenities

  • Garage: None
  • Cooling: Yes
  • Heat Type: Gas Forced Air Closed

Property Details

Property Type Commercial
Property Sub-Type Sale Of Business
Bathrooms 3
Garage None
Heat Type Gas Forced Air Closed
Cooling Yes
Annual Tax $375,180
Tax Year 2025

Building & Construction

Approximate Age
0-5

Heating & Cooling

Heat Type
Gas Forced Air Closed
Cooling
Yes

Parking & Garage

Garage Type
None

Lot & Land

Lot Size Units
Feet
Lot Depth
435.00
Lot Width
502.76

Community & Neighborhood

Community Features
Public Transit, Recreation/Community Centre

Financial & Tax

Tax Annual Amount
$375,180
Tax Year
2025
Possession Type
Flexible
Possession Details
flexible

Utilities & Services

Utilities
Yes

Additional Details

Occupant Type
Owner
County Or Parish
Middlesex
Cross Street
Highbury Ave and Huron St
Directions
Highbury Avenue and Huron Street
Showing Requirements
See Brokerage Remarks, Showing System

Location

1295 Highbury Avenue N A008, London East, ON N5Y 5L3, London East, ON, N5Y 5L3

Listing courtesy of RE/MAX ICON REALTY
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