Property

Magnificent, multifunctional street level local in the heart of the Mile End's technohub. Perfect spot for a creative enterprise, a socially minded get together space or art gallery and at a reasonable cost. The folks at Nada are looking for a partner or sublessee that shares the community mindset and appreciates the zen vibe. Depending on the nature of the enterprise, Naada could be open to some sort of cooperative partnership that could include space management for or revenue sharing with the sublessee, allowing them to focus on creating a successful business rather than mundane management tasks.

The initial term of the lease shall be for a maximum of
three years.

Applicants to do their own verification with the Ville de
Montreal to determine whether their project fits the local
zoning and bylaws. Ideally the sublessee project will be a
fit with the health and wellness activities already taking
place at Naada Yoga. Light retail, healthy snacks, tea
coffee, books, fitness gear, a community activity space or
reading,lectures or small conference, an art therapy space
or gallery could all be good fits.

A sublease agreement will require the authorization of the
building Lessor, who has proven reasonable in past
dealings. To facilitate the integration of the sublessee,
Naada Yoga may be open to setting up an informal
co-management and revenue sharing agreement that offers
administration and management services in lieu of a fixed
rent.

Sublessee may close the hallway between the Naada entrance
hall and the tearoom if so desired. All work shall be at
sublessee's expense and must be approved by Naada Yoga and
the building lessor.

Sublessee and their clients will have access to 2 ground
floor bathrooms located in the main portion of Naada Yoga.

Sublessee will obtain and maintain throughout the rental
period, appropriate liability insurance naming Naada Yoga
as additional insured. Such insurance is a condition of
the lease and proof thereof must be provided to the Lessors
prior to occupation.

Inclusions : Sublessee and their clients will have access to 2 ground floor bathrooms located in the main portion of Naada Yoga, as well as the common glass vestibule. Sublessee may partition (at their own cost) the hallway between the local and Naada Yoga.

Exclusions : Additional Rent: 25% (approx $110) of Monthly ground floor electricity costs AND 25% (approximately $2800) of the annual municipal taxes. Payable upon reception of invoice, plus gst pst where applicable