480 Tapscott Road, Toronto, ON

Description

Sublease opportunity for Your Next Turnkey Business Venture Awaits: Established Volleyball Facility (including 2 Indoor beach volleyball Courts) 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 26,500 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 & 2 Beach 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,2 Beach Volleyball courts, 3private offices, a dedicated meeting room , a dance studio, party room ,4 convenient washrooms, and a welcoming reception area with its own entrance. The existing lease term is in place until August 31, 2028, and includes an additional 5-year renewal option. A new lease term may be negotiated with the landlord directly commencing August 2027. Qualified tenants may enter into a direct lease agreement with the landlord, All subleases require prior landlord consent & approval. The leasehold improvements and asset purchase price is $800,000. Highlights: Spacious & Versatile: ~26,500 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: The current term runs through August 31, 2028, with an option to extend for an additional five years. Qualified tenants may arrange a new lease directly with the landlord. Deposit: First, Last + Two Months Security. (Negotiable with Landlord)TMI and CAM charges are negotiable with the landlord. Utilities: Tenants pay