Ed Kwan
(403) 397-6667
First Place Realty
403-547-8401
123 Any Street SW
Calgary , Alberta T2P 1J9
Calgary , Alberta T2P 1J9
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123 Any Street SW For Lease
$788,000
Calgary, Alberta
Transaction Type
For Lease
Days On Market
20
Lease Amount
16.00
Lease Frequency
Annually
Year Built
1980
Property Type
Commercial
Building Area (Sq. Ft.)
17000.00
Listing ID: 31596
MLS ID: A2245755
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.
Transaction Type
For Lease
For Lease
Days On Market
20
20
Lease Amount
16.00
16.00
Lease Frequency
Annually
Annually
Subdivision
Downtown Commercial Core
Downtown Commercial Core
Year Built
1980
1980
Structure Type
Mixed Use
Mixed Use
Property Type
Commercial
Commercial
Property Sub Type
Retail
Retail
Building Area (Sq. Ft.)
17000.00
17000.00
Building Area (Sq. M.)
1579.34
1579.34
Inclusions
Furniture and utensil that can host a 700 person dinner banquet at one time, kitchen equipment and facilities to separate the space with dividers to host multiple functions/parties at the same time. Audio, Video equipment. Office equipment, video monitor system, Bar equipment, kitchen equipment.
Furniture and utensil that can host a 700 person dinner banquet at one time, kitchen equipment and facilities to separate the space with dividers to host multiple functions/parties at the same time. Audio, Video equipment. Office equipment, video monitor system, Bar equipment, kitchen equipment.
Restrictions
None Known
None Known
Reports
None
None
