2764 Gottingen St
Halifax, NS B3K 3C7
Property For Lease

Realtor.ca Commercial MLS: 202425348 SALE OF ASSETS : $130,000 + HST (subject to sublet of the space). Listed by Hants Realty Ltd + Sutton Group Professional Realty Ltd. MLS: 202425348 Lease just renewed - New Rates as follows: (a) For the period from March 1, 2025 to February 28, 2026, rental in the amount of $3468.32 per month; (b) For the period from March 1, 2026 to February 28, 2027, rental in the amount of $3641.73 per month; (c) For the period from March 1, 2027 to February 29, 2028, rental in the amount of $3823.81 per month; (d) For the period from March 1, 2028 to February 28, 2029, rental in the amount of $4015.00 per month; (e) For the period from March 1, 2029 to February 28, 2030, rental in the amount of $4215.75 per month; The said rental payments include the applicable Harmonized Service Tax. 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 just renewed for a 5-year term. 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 a 3-bedroom apartment above. Heat pumps in the restaurant and upstairs offer convenient heating and cooling on both levels. Lease Details: The lease renewal is for 5 years with step-up increases over the term. 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 for a professional to walk to work. 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: $3468.32 per month inc HST (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.