53 Observatory Lane, Richmond Hill, Ontario L4C 8K9

Listed for:
$25
0 beds
6 baths
Listed 15 days ago
53 Observatory Lane, Richmond Hill, Ontario L4C 8K9

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About

YONGE - WELDRICK RARE TURNKEY RESTAURANT, LOUNGE & PREMIER EVENT VENUE IN THE HEART OF DOWNTOWN RICHMOND HILL! This is far more than a restaurant space-it is a show-stopping hospitality and entertainment destination designed to host unforgettable experiences. Offering approx. 5,700 sq. ft. of restaurant, lounge and event space, plus approx. 680 sq. ft. of private office area, this exceptional venue features a dramatic dance floor, full bar, professional-quality sound and music infrastructure, two large-screen TVs, extensive seating capacity and a fully equipped commercial kitchen. An outstanding opportunity for weddings, engagement parties, corporate functions, birthdays, cultural celebrations, live entertainment, ticketed programs, private venue rentals, upscale dining and nightlife concepts. Approx. 40 parking spaces are currently allocated to the premises, with the potential to accommodate up to approx. 100 vehicles, subject to availability, landlord approval and applicable arrangements-an extraordinary advantage for event-focused operators. The existing layout and infrastructure may significantly reduce the time and capital normally required to build a venue of this scale. Furniture, fixtures, kitchen/bar equipment, sound and music systems, TVs, tables, chairs and other business assets may be available through a separate agreement with the current business owner and are not included in the base rent. Existing liquor-licence and hookah-related approvals are subject to independent verification, transferability and regulatory approval. Net Rent: $25/Sq. Ft.; TMI: Approx. $12/Sq. Ft., plus HST, utilities and applicable charges. A space of this scale, energy and event capability is rarely offered in Richmond Hill. Photos cannot capture its atmosphere-book a private showing and experience the possibilities in person! (id:27476)

Property Highlights

MLS® Number
N13749360
Type
Retail
Community Name
Observatory
Land Size
7491 ac
Parking Space Total
40

Building

Square Footage
7491 sqft
Bathrooms Total
6
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Fully air conditioned

Utilities

Water
Municipal water

Location

Learn more about this property
Listing provided by:
REMAX YOUR COMMUNITY REALTY
MLS® number:
N13749360
Agent:
Andrew Hashemian
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