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.
List Price
$768,000
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
46CC_8888
Year Built
1980
MLS® Number
A2245755
Listing Brokerage
First Place Realty