Kris CurmanPowered by Motions MarketingOakwyn Realty Northwest

Active · Business · Vancouver

224 1055 W Georgia Street

Vancouver, BC V6E3N9

$98,000

258 days on market

Bedrooms
0
Bathrooms
0
Floor area
249 sq ft
Type
Business
MLS®
C8075371

About this home

A rare opportunity to acquire a well-established Japanese restaurant operating for 12 successful years in the food court of a prominent downtown office complex. This easy-to-manage business operates only Monday to Friday, 10:00 AM'4:00 PM, with weekends and statutory holidays off, offering an exceptional work-life balance. The gross lease is only $3,500 per month, including electricity and garbage collection, keeping operating costs low. The business is strategically located beside major tenants, including a bank and Staples, and benefits from steady traffic generated by office workers and surrounding businesses. A major three-year redevelopment project directly in front of the premises is nearing completion. With the opening of the new Escala development and surrounding improvements, customer traffic and sales are expected to increase significantly. Prior to construction, average daily sales were approximately $1,200, currently averaging about $800 during construction. Offered for sale due to retire

Monthly cost estimate

Mortgage payment20% down · 4.5% · 25-yr amortization$434
Strata fee$0
Property taxannual ÷ 12$0
Est. monthly total$434
Down payment + BC property transfer taxbefore any first-time buyer exemption$20,580

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Listing courtesy of Evergreen West Realty. View on REALTOR.ca

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