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2764 Gottingen St
1,125 - 2,250 SF of Space Available in Halifax, NS B3K 3C7
Sublease Highlights
- Apartment
- Assets for sale
- Restaurant
Space Availability (2)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 1,125 SF | Feb 2028 | £13.84 /SF/PA £1.15 /SF/MO £148.92 /m²/PA £12.41 /m²/MO £15,565 /PA £1,297 /MO | TBD | ||
| 2nd Floor | 1,125 SF | Feb 2028 | £6.01 /SF/PA £0.50 /SF/MO £64.65 /m²/PA £5.39 /m²/MO £6,757 /PA £563.12 /MO | TBD |
1st Floor
Listed by Hants Realty Ltd + Sutton Group Professional Realty Ltd. MLS: 202425348 Prime Investment Opportunity in Halifax – HUMYUM Pizza Restaurant & 3 Bedroom Apartment. An excellent chance to own a well-established and highly popular restaurant in a prime location directly across from the Navy Yard in Halifax. This business sale includes the equipment and assets but **does not** include the real estate. Sale will be subject to the commercial and residential lease to be renewed early 2025 (term 5 years). Business Highlights: - Situated in a high-traffic area surrounded by office buildings and accessible to convenient public transportation. A prime spot for foot traffic and visibility that is directly across from CFB Halifax. - The restaurant comes with a full kitchen setup, including prep tables, fryers, freezers, and more, ready for operation. The dining area is comfortable, with tables and air conditioning. Building offers 2,250 sq. ft on 2 levels with the restaurant on the main level, and 3 bedroom apartment above. Heat pumps in the restaurant and upstairs offer convenient heating and cooling on both levels. Lease Details: - The lease renewal will be for 5 years and is set to start at $3,425 including HST (on Commerical portion) with step-up increases over 5 years. This lease includes both the restaurant space and a 3-bedroom apartment located above. Apartment Information: - The 3-bedroom apartment requires some renovation to get ready for a new tenant, and could be an extra source of revenue for the leaseholder - situated in a great location to walk to work for any professional.
- Sublease space available from current tenant
- Fully Built-Out as a Restaurant or Café Space
- Central Air Conditioning
- Kitchen
- Display Window
- Prime locaiton across from Naval yard
2nd Floor
This is a 3 bedroom apartment
- Sublease space available from current tenant
- Space In Need of Renovation
- Shower Facilities
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 2764 Gottingen St , Halifax, NS B3K 3C7
| Property Type | Retail | Gross Internal Area | 2,250 SF |
| Property Subtype | Restaurant | Year Built | 1940 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Internal Area | 2,250 SF |
| Year Built | 1940 |
About the Property
Listed by Hants Realty Ltd + Sutton Group Professional Realty Ltd. Realtor.ca Commercial MLS: 202425348 SALE OF ASSETS : $195,000 + HST (subject to sublet of the space). Prime Investment Opportunity in Halifax – HUMYUM Pizza Restaurant & 3 Bedroom Apartment. An excellent chance to own a well-established and highly popular restaurant in a prime location directly across from the Navy Yard in Halifax. This business sale includes the equipment and assets but **does not** include the real estate. Sale will be subject to the commercial and residential lease to be renewed early 2025 (term 5 years). Business Highlights: - Situated in a high-traffic area surrounded by office buildings and accessible to convenient public transportation. A prime spot for foot traffic and visibility that is directly across from CFB Halifax. - The restaurant comes with a full kitchen setup, including prep tables, fryers, freezers, and more, ready for operation. The dining area is comfortable, with tables and air conditioning. Building offers 2,250 sq. ft on 2 levels with the restaurant on the main level, and 3 bedroom apartment above. Heat pumps in the restaurant and upstairs offer convenient heating and cooling on both levels. Lease Details: - The lease renewal will be for 5 years and is set to start at $3,425 including HST (on Commerical portion) with step-up increases over 5 years. This lease includes both the restaurant space and a 3-bedroom apartment located above. Apartment Information: - The 3-bedroom apartment requires some renovation to get ready for a new tenant, and could be an extra source of revenue for the leaseholder - situated in a great location to walk to work for any professional. Additional Remarks: -The lease assignment and negotiations are subject to change any of the advertised terms and conditions of this brokerage listing. Landlord reserves the right not to accept any assignment of the lease, and to make changes to terms and conditions based on negotiations including price, terms, conditions, and additional securities they may require to the landlords sole acceptance. -All equipment that is included is at "as/is" condition -Approx Income and expenses: -Approximate income: $18,000-$22,000/month. -Approximate expenses: Current Rent: $3303.17 / month HST included (no HST on residential portion), food expenses $5000-6000/month, power $500-600/month, water $80-100/month, pest control $80/month, propane $500-600/month, internet $100/month. -Tenant also owes any property taxes that exceed the Base property tax from April 1 2019 - March 31 2020 (landlord pays). -Tenant is responsible for all maintenance except roof. Co-Op Remuneration: 2% on asset sale, 50% of commission charged lease.
- Restaurant
- Air Conditioning
Nearby Major Retailers
-
Hants Realty Ltd. Matthew Ward -
Sutton Group Professional Realty Joseph Chisholm - Hants Realty Ltd.
Presented by
Hants Realty Ltd.
2764 Gottingen St
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