Large Banquet Facility in Calgary. Accommodates 700 people with full kitchen and catering. Suitable for multi-days wedding parties, birthday parties, political conventions, community association events, award ceremonies, Corporate Events, Church Function, Theme Parties, Benefits/Fundraisers, Private Parties, etc...this is a profitable business. The restaurant has a capacity of 700 seating at one time, so for the larger events, this is like a monopoly. With the year ahead bookings, investor will recover the purchase price in 2 years time. 17,000sf, low lease rate of $16/sf. Suitable for operators with banquet experience . To set up such a 17,000 sf space will cost $1.2M to $1.5M, but now you can get this built out for half the price. The condition is good, no renovation required in the next few years.
Address
123 Any Street SW
List Price
$788,000
Lease Price
16.00
Lease Unit
Sqft.
Lease Term
Annually
Property Type
Commercial
Type of Dwelling
Retail
Transaction Type
lease
Area
Calgary CC
Sub-Area
Downtown Commercial Core
Year Built
1980
MLS® Number
A2245755
Listing Brokerage
First Place Realty
Postal Code
T2P 1J9