C$1,150,000

Licensed commercial event venue, restaurant, and 5.4-acre development property on Topsail Road in Paradise, Newfoundland. The Woodstock is a multi-use hospitality asset combining a restaurant space and bar, a rare outdoor event licence for 650+ persons, 76 paved parking spaces, and commercially zoned acreage in one of Atlantic Canada's fastest-growing communities. The main building, constructed in 1929 on a site with origins dating to 1820, features 5 dining rooms, 8 bathrooms, a fully equipped commercial kitchen with new walk-in cooler, new flooring in the main dining room, 2 mini-split heating units, and built-in speakers throughout. The freehold sale includes the building, land, and interior assets. The rear yard holds a municipal event license for outdoor gatherings of 650 persons, a rare and difficult to obtain permit in Newfoundland and Labrador. The licensed outdoor venue is suited for weddings, festivals, corporate events, and concerts, with ample on site parking to support large scale events. The 5.4-acre commercially zoned lot presents significant development optionality. Potential uses are endless. Commercial land of this scale and visibility on Topsail Road in Paradise is not readily available in the current market. The Woodstock sits minutes from the Trans-Canada Highway interchange in Paradise with direct access to the St. John's Metro Area and CBS corridor. (id:41202)