6-7 - 480 TAPSCOTT ROAD W, TORONTO (MALVERN), ON M1B1W3

Property Description for 6-7 - 480 TAPSCOTT ROAD W

Your Next Turnkey Business Venture Awaits: Established Volleyball Facility Sublease in Vibrant Toronto(SCARBOROUGH)!Unlock the potential of this well-established and highly respected volleyball business, strategically located in the heart of Toronto((SCARBOROUGH).This turnkey opportunity offers approximately 19,000 sq ft of adaptable recreation space, featuring an impressive 22-foot clear height, ideal for a multitude of recreational or sporting endeavors. Currently configured with four professional volleyball courts, this thriving business benefits from a dedicated client base and consistent year-over-year growth. The comprehensive sublease package includes: 4 volleyball courts, 3 private offices, a dedicated meeting room, a dance studio, 3 convenient washrooms, and a welcoming reception area with its own entrance. Additional common washrooms are also available for client convenience. The existing lease extends to August 31, 2028, with a valuable 5-year extension option. Prospective tenants will negotiate new terms directly with the landlord. Landlord approval is required for all subleases. Leasehold improvements and asset purchase can be discussed separately. Highlights: Spacious & Versatile: ~19,000 sq ft with 22' clear height. Built-in Clientele: Well-established volleyball business. Growth Potential: Demonstrates consistent year-over-year growth. Comprehensive Setup: Includes courts, offices, meeting room, dance studio, and multiple washrooms. Flexible Lease: Current term until Aug 31, 2028, with a 5-year extension option. Deposit: First, Last + Two Months Security. Utilities: Tenant pays 2/3 Hydro & Gas. Rent Escalation: 4% annual increase. (id:38686)