For Sale or Lease

About Red Bush Tea and Coffee Company

Purchase or Lease  this beautiful 2 story building with the same amount of floor space in the basement storage in trendy Kensington, Calgary. It would be terrific improved to add a roof top patio!!  We have decided to retire from this wonderful retail space that has had a couple upgrades over the years so either the first floor or the entire building is for lease.  If you would like to purchase the Red Bush Tea and Coffee Company and The Candy Kid and run it as your own, it is completely set up.    The two story building is located in the heart of Kensington on 10th Street bustling with pedestrians and traffic.  There are 3 new condos that  just opened, and we are already seeing lots of new customers.  Construction and upgrades to the streetscape have now been completed and customers are rushing back to the community!   There are 1675 sq. ft. of space on each of the basement, main and second floors.  Presently occupied by happy employees, the main retail space is used as a Tea and Coffee Shop and the Candy Store together. The second floor is a consulting office with an entertainment space for music and community events, and the basement has been used for storage and could be upgraded by the new tenant to retail or a kitchen.  Each floor has a washroom and the main and second floors have small kitchens equipped with fridges and dishwashers etc. There is also a shower in the second floor washroom for employees who want to run along the river on their lunch break..
The building has a wonderful patio out front and there is parking in back for employees and customers.   The rear of the building has access on both the main and second floors.  Rent for the entire building would be around $17,310/month for 5028 sq. ft of total space.   The main floor would be $40/ft, 2nd floor loft is $32/ft, and the basement storage is $10/ft.  The operating costs will be calculated at $14/ft.  
It would be appreciated if you would contact me directly with any questions you have.  We could provide a 2 month turn around to liquidate the existing café  and 1 month free for fixturing.  You would be responsible for any leasehold improvements.  I work upstairs and available to show the space with an appointment.   I request a minimum 5 year lease.
  • 24hr access
  • Bike friendly
  • Dedicated parking
  • Loading
  • Operable windows
  • Restaurant
  • Transit friendly
  • Property Type Retail
  • Zoning Retail, office, restaurant
  • Status Existing
  • Sale Price $3,700,000
  • Base Rent $40.00/SF
  • Additional Rent $13.50/SF
  • Monthly Rent $22,403
  • Gross Rent $53.50/SF
  • Availability Now
  • Lease Direct
  • Total Available Space 5,025 SF
  • Direct Available Space 5,025 SF
  • Sublet Available Space 0 SF
  • Min Divisible 0 SF
  • Max Contiguous 0 SF
  • Building Size 5,025 SF
  • Number Of Floors 2
  • Average Floorplate 1,675 SF
  • Year Built 1999
  • Year Renovated 2010
  • Managed By Owner

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