131-133 Garafraxa St S West Grey, Ontario N0G 1R0

$519,900

Welcome to 131-133 Garafraxa Street South, an exciting investment opportunity in downtown Durham, in the heart of Grey County. For several years prior to the pandemic, the property had been home to The Garafraxa Cafe, a comfortable and popular gathering place for local residents and tourists alike. Established as a coffee bar/pub, the Cafe served a variety of 'lite bites', along with an assortment of specialty coffees and locally crafted beers, ciders and wines. But central to the Cafe's success and popularity was its full stage, with a professional lighting and sound system, which played host to local theatre, along with both upstart and critically acclaimed musicians. This is a turnkey opportunity to re-open the Cafe, as all of the operating assets (see list in documents file) remain on the premises and, while excluded from the listing price, are negotiable. And if operating a cafe/pub isn't your gig, this property, with its updated mechanicals and ideal central location with plenty of vehicle and pedestrian traffic, offers a host of other opportunities. Complementing the street level, the second floor features a spacious 3 bedroom, 1-1/2 bath apartment, flooded with natural light from 3 sides, as the property to the north is only 1 storey. The apartment has separate entrance from the street, and a private, fenced back yard. Currently owner-occupied, it will be vacant on closing, so you can live-in, or enjoy a secondary source of rental income at market rates. (id:56505)

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https://www.realtor.ca/real-estate/26873415/131-133-garafraxa-st-s-west-grey-durham