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102-162 King William St, Hamilton, ON

Name: 102 - 162 King William St, For Sale in Hamilton - eXp Realty
Brand: RE/MAX Real Estate Centre Inc.
SKU: 40851133
Price: 184000 CAD

House

For Sale

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MLS® 40851133

Key Facts
Description
Map

Key Facts

Type

Levels Business Opportunity

Size -

Garage

Taxes

Days Active 1

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Approx. Age

MLS® Number 40851133

Property Address: 102-162 King William St, Hamilton, ON, L8R3N9

Average square foot calculated using Size range provided by listing agent.

Description

An exceptional opportunity to acquire a well-established, turnkey restaurant in the heart of downtown Hamilton's vibrant International Village BIA. Seasoned is a respected casual upscale restaurant, often referred to as a hidden gem, offering an intimate dining experience, modern design, and an open-concept kitchen, making it an outstanding opportunity for an owner-operator or investor. Perfectly positioned beside Theatre Aquarius, the restaurant enjoys consistent traffic from theatre patrons, downtown professionals, residents, and visitors, with many guests walking directly from the theatre into the restaurant before performances. Located steps from restaurants, shopping, offices, hotels, public transit, and the city's entertainment district, this prime location offers exceptional visibility and year-round customer traffic. The business operates from approximately 1, 175 sq. ft. of thoughtfully designed space and features an intimate dining room, an inviting outdoor patio, an open kitchen, a dedicated storage room, and two reserved parking spaces. The restaurant is licensed for 28 patrons, and the transferable liquor licence offers added value for the new owner. A long-term lease is in place through December 31, 2029, providing stability for the business. The current lease is at a monthly rental rate below today's market value, offering significant long-term savings and exceptional value for the new owner. Water is included in the monthly lease. The tenant is responsible for gas, hydro, property insurance, and applicable lease expenses. Assignment of the lease is subject to landlord approval. This is an outstanding opportunity to acquire an established restaurant with an excellent reputation, a sought-after downtown location, below-market lease rates, favourable lease terms, and a turnkey operation ready for its next chapter. (id:58753)Show Description

MLS® Number40851133

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

BasementNone

Driveway

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Price History

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Home Appraisal

This property is estimated to sell between: $184,000 and $303,000.

Similar properties in this area sold on average for: $262,711

Expected to sell in 58 days. Similar properties sold in 59 days. This home has been on eXp Realty for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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