THEATRE FOR SALE IN COBOURG

1. The Park Playhouse is located on the main street of downtown Cobourg which offers a wide range of commercial and residential properties consisting of wonderful pubs, fine dining restaurants and several specialty shops and boutiques.  The property has an unobstructed view of Lake Ontario which offers one of the best beaches in southern Ontario. 
2. The Town of Cobourg is located about an hour east of Toronto and offers a wide range of events and attractions which offer a great deal of tourism to the area.
3. The subject building was previously used as a movie theatre having 750 seating capacity before closing down in the 1980’s.  It was then converted to a night club before being acquired in 2003 and renovated for use as a live theatre, retaining its 1940’s appearance.  The theatre has seating for 380 patrons and a total capacity for 440 patrons.
4. Purchase Price of $1,200,000. Turnkey theatre business including all chattels and fixtures.
5. Building can be purchased for $1,000,000.
6. Owner will consider a sale/leaseback for 2 years at an 8 cap based upon a Purchase price of $1,000,000.
7. Lot size 58 ft x 168 ft l
8. Taxes approx $14,900 in 2009
9. Building approx 7888 sq ft
10. List of Chattels and fixtures available
11. Zoning MC commercial

Contact Chris for details or to view the property. 1-866-273-1333