Site Plan Approved - Banquet Hall & Restaurants, 20 - 30 Blowers Crescent, Ajax, Ontario

G PLAZA at 20 - 30 Blowers Crescent in Ajax, Ontario. The property is located on the main intersection of Salem Road and Kerrison Drive in Ajax in the area known as Central Ajax. Ajax is a Town in Ontario located on the Lake Ontario Shoreline. It is approximately 40 kilometers East of Downtown Toronto. It is commonly viewed as the fastest growing Town in Durham as well as the Centre of Durham Region. The Property being offered is comprised of 2 parcels. Both being side-by-side and equaling 2. 03 Acres. The offering is fully Site Plan Approved from the Town of Ajax and ready to build 27,634 SQ. FT. of commercial space. This state of the art building design will have 3 chic restaurants with a year round glass covered patio on the ground floor and a modern contemporary Banquet Hall on the upper level. The Banquet hall will have the capacity of 1,000 guests to host weddings, social events and conferences. For guests to socialize, there are 2 bar lounges and a luxurious bridal suite. This facility will be supported by 164 parking spaces.

Asking Price: 1,501,770

Investment Highlights

■ 2. 03 Acres of Commercial Land

■ Site Plan Approved for 27,635 SQ. FT.

■ Futures 3 Chic Restaurants

■ Year Round Glass Covered Patio

■ Banquet Hall on Upper Level Holds 1,000 Guests

■ Great for Weddings, Social Events & Conferences

■ 2 Bar Lounges & Luxurious Bridal Suite

■ 164 Surface Parking Spaces 3 PROPERTY DESCRIPTION G PLAZA AJAX, ON THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED AN APPRAISAL.

· Long Term Banquet Hall Tenant in Place (20 - 30 Years)

· 9% Return on Investment Starting Year 1