272-274 St George & 59-61 St James Street

Description

Outstanding Commercial & Residential Investment Opportunity! A FIVE unit iconic brick-front property offering a rare chance to own a piece of prime real estate located in the heart of Annapolis Royal. Home to Bistro East, a beloved local restaurant with a strong reputation and positioned on sought-after Saint George Street, this property boasts stunning water views, breathtaking sunsets, and easy access to ample public parking. This property is being offered as a turn-key opportunity, including all restaurant equipment, branding, and goodwill. Just step in and start serving! Beyond the restaurant, the building also includes a separate ground-level commercial space currently leased long-term, PLUS a bright and spacious 3-bedroom apartment on the upper floor featuring water views and hardwood floors and is currently rented per bedroom with shared common spaces, PLUS two additional 1-bedroom units upstairs which offer potential for expansion into a grand residential space. With major upgrades to the commercial kitchen and stylish renovations throughout the apartments, the new owner can enjoy peace of mind and minimal upkeep for years to come. A full list of upgrades available upon request. Additional features include expansive basement storage with easy access, a solid concrete foundation & well-maintained roof, electrical upgrades (3-phase), ductless heat pumps for restaurant climate control, wheelchair-accessible main commercial space, and municipal services. With a constant flow of tourists exploring the historic town, vibrant arts scene, museums, and year-round festivals, including a bustling weekly Farmers' Market, this location is ideal for business success. Directly across the street, the popular amphitheater attracts visitors and adds to the lively atmosphere. Live and work under one roof or rent out all FIVE units for a fantastic revenue stream, the possibilities are endless. A prime investment in an unbeatable location!