516 CENTENNIAL Unit 101
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+41 more
$349,900

516 CENTENNIAL Unit 101

Hamilton, Ontario, L8E0G2

Active

About This Property

This business in Hamilton is available for your consideration. The home features a none basement.

MLS Remarks

Exceptional opportunity to acquire a fully built-out and well-established Southeast Asian restaurant in the heart of Hamilton's vibrant Stoney Creek community. Saigon House Restaurant is known for its authentic Vietnamese and Thai cuisine, strong local reputation, and loyal customer base. This is a true turnkey operation ideal for owner-operators or experienced restaurateurs looking to step into a fully equipped space with long-term lease security.The premises offer approximately 1,800 sq. ft. of functional and efficient layout designed for high-volume service. The commercial kitchen is extensively equipped with a range featuring 2 large and 7 mid-size burners, 2 wok stations, 2 deep fryers, grill/charbroiler, 4 rice cookers/steamers, 2 stock pots/soup kettles, commercial mixer and slicer, prep stations, and food warming/holding equipment. Refrigeration includes 1 reach-in fridge, 2 reach-in freezers, and a walk-in chiller. Additional features include a commercial dishwasher, stainless steel shelving, sinks and hand-washing stations, and a 19 ft commercial hood with fire suppression system.Strong lease in place: 10-year term with approximately 9.5 years remaining. Well-maintained space with established branding and operational infrastructure already in place. Suitable for continuing the existing concept or converting to another cuisine (subject to landlord approval). Excellent opportunity to acquire a ready-to-operate restaurant without the cost and time of new construction.Serious inquiries only. Financial statements and additional details available upon execution of a confidentiality agreement. (id:60351)

Overview

Property Typeresidential
Sub-Typebusiness
StatusActive
MLS #40805821

Interior

BasementNone

Listing Information

MLS#: 40805821


Information is deemed reliable but not guaranteed. Data provided by the Canadian Real Estate Association (CREA) through the Data Distribution Facility (DDF). Listing data is updated regularly but may not reflect the most current information. All information should be independently verified.

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Mortgage Calculator

$
$69,980
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Estimated Monthly Payment
$1,556
/month
Mortgage
$279,920
Total Interest
$186,846

For illustration purposes only. Consult a mortgage professional for accurate rates.

Land Transfer Tax

$
Ontario LTT$3,724
Total Due on Closing$3,724

Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.

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