424 PRESTON STREET, Ottawa, Ontario K1S4N2

424 PRESTON STREET
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INCREDIBLE OPPORTUNITY TO OWN A STUNNING, TURN-KEY RESTAURANT IN THE HEART OF LITTLE ITALY! Offered as a sale of business, this fully equipped and beautifully designed restaurant spans approximately 1,300 sq. ft. and includes everything you need to walk in and operate immediately. The space features a functional commercial kitchen, seating for approximately 35 guests, a large, trendy bar, two washrooms, and additional prep and storage areas in the basement with a separate back entrance and 3-car parking. Located on vibrant Preston Street, surrounded by established restaurants, retail, government offices, and residential towers, this location offers excellent exposure and consistent foot traffic year-round. The sale includes all restaurant assets, furniture, fixtures, and equipment (FF&E), valued at $100,000, but offered to purchase for $65,000. Buyers will have the opportunity to negotiate a new long-term lease with the landlord or Assignment of the Lease. Triple-net rent is $4,200/month plus HST for Base Rent, with Additional Rent of approximately $1825.73/month plus HST w/ 2.5 yrs remaining on lease until Spring 2028; Rent subject to annual Increases. Utilities are separate and paid by Tenant. Proof of restaurant experience and financial capability required. See attached feature sheet for full list of included assets. *PLEASE NOTE THIS LISTING IS CANCELLED AND NO LONGER FOR SALE*

Property Specifications

Comprehensive breakdown of features and details.

Interior Details

AppliancesAll
Bathrooms Total2
CoolingNone
HeatingForced air, Natural gas
Living Area1300 sqft

Building & Exterior

Building Area Total1300.0
Building Area Unitssquare feet

Land & Location

City Region4502 - West Centre Town
Frontage Length25.0 feet
Lot Size DimensionsBldg=25 x 100 FT

Listing & Financials

Listing OfficeEXP REALTY
Originating System NameOttawa Real Estate Board

Other Specifications

CountryCanada
Parking Total3

For Sale

$65,000

424 PRESTON STREET, Ottawa, Ontario K1S4N2

Beds

-

Baths

2

Living Area

1,300 sqft

Lot Size

-

Property Type

Business

Year Built

-

Listing IDX12563664

Location & Map

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