Outstanding opportunity to take over a fully built-out and licensed restaurant in one of Toronto's most desirable midtown neighbourhoods. Gatherings Restobar is located just steps from the bustling intersection of Yonge and St. Clair, surrounded by residential towers, offices,and consistent foot traffic. This spacious, well-equipped venue is ideal for a variety of restaurant or bar concepts. The space boasts a rare liquor license for 320 seats inside plus anadditional 20 on the patio. Featuring a large, functional kitchen with a 10 ft commercial hood and two walk-in fridges, the restaurant is set up for high-volume service and events. The layout includes multiple dining areas, a prominent bar, and flexibility for private bookings.Offered at a gross monthly rent of $21,504 inclusive of TMI, utilities, and garbage. Strong sales history and a secure 7 + 5 + 5 year lease with no demolition clause make this a compelling choice for owner-operators or brands looking to expand. Available turnkey with training or can be rebranded to suit your vision.
Address
49 St Clair Avenue W
List Price
$399,000
Property Type
Commercial
Type of Dwelling
Sale Of Business
Area
Toronto C02
Sub-Area
Yonge-St. Clair
County
Toronto
Bathrooms
4
Lot Depth
146.23
Lot Type
Lot
Lot Size Units
Feet
Lot Width
90
MLS® Number
C12249892
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Postal Code
M4V 3A5
Tax Year
2024
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
Outside/Surface
Security Features
No
Sewer
Sanitary Available