MAIN - 46 BLACKFRIARS STREET, London North (North N)MAIN - 46 BLACKFRIARS STREET, London North (North N) — photo 2MAIN - 46 BLACKFRIARS STREET, London North (North N) — photo 3MAIN - 46 BLACKFRIARS STREET, London North (North N) — photo 4MAIN - 46 BLACKFRIARS STREET, London North (North N) — photo 5MAIN - 46 BLACKFRIARS STREET, London North (North N) — photo 6MAIN - 46 BLACKFRIARS STREET, London North (North N) — photo 7MAIN - 46 BLACKFRIARS STREET, London North (North N) — photo 8MAIN - 46 BLACKFRIARS STREET, London North (North N) — photo 9MAIN - 46 BLACKFRIARS STREET, London North (North N) — photo 10MAIN - 46 BLACKFRIARS STREET, London North (North N) — photo 11MAIN - 46 BLACKFRIARS STREET, London North (North N) — photo 12
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For Lease · Retail

MAIN - 46 BLACKFRIARS STREET, London North (North N)

MAIN - 46 BLACKFRIARS STREET, London North (North N), ON N6H1K7

$20 per sq ft / yr

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Asset Class

Retail

Size

—

Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

—

Occupancy

85%

About this property

Located in the Blackfriars area in proximity to Harris Park and downtown London, this famous eatery originally opened as the Blackfriars Café approximately 28 years ago. The space consists of two units of 2,189 square feet with outside patio area Includes two seating areas, kitchen, walk-in cooler. Generous landlord incentives available for a long term lease. Gross monthly rent of $4,484.87 which includes 75% of the property taxes. Tenant responsible for maintenance and separately metered utilities. Easy access with plenty of onsite parking. Excellent opportunity for an experienced restaurateur. Copy of recently completed floor plan available upon request. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$20
Down payment30% · $6
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-4.30%

DSCR

0.77

Going-in cap

4.25%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

97,147

Households

43,642

Median income

$115,000

Median age

32.4

Daytime population

154,635

5-yr growth

0.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for MAIN - 46 BLACKFRIARS STREET, London North (North N).

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.