Opportunity to acquire brand new retail strata unit in the heart of Richmond’s Oval Village with long term leases in place with Dinesty Dumpling House. Dinesty Dumpling house is fixturing and will be opening soon. The unit has approximately 21,374 SF of Gross Area with 19,017 SF of Rentable Area with a 10 year lease term and built in rental escalations. The property generates an income of $380,340 per annum. Dinesty Dumpling House first opened on the corner of Akroyd and No. 3 Road in Richmond. Well known for its handcrafted soup dumplings, the restaurant has won awards including Diner’s Choice “Best Dining Enviornment”, “Best Shanghainese Restaurant” and “Best Xiao Long Bao”. The success of Dinesty Dumpling House has allowed the business to grow an additional four locations in the last 4 years.
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