Cardiff Road, Newport, NP20

Restaurant for rent in Newport

Beautiful multi-award-winning independent Spanish Restaurant with alcohol license located on Cardiff Road, in the heart of the city of Newport, South Wales. New Ole was featured by Wales Online as one of the Best 25 Restaurants in Newport 2022, and recently awarded Tripadvisor's ‘Travelers Choice’ for the 4th consecutive year by being part of an exclusive group ranking them amongst the top 10% of restaurants worldwide, this is an outstanding achievement with thanks to their customer’s extraordinary reviews rating them 5 out of 5 on this platform. Furthermore, New Ole is´Top Rated´ on Google Maps with a score of 4.9 out of 5. Restaurant Guru granted New Ole the award for ‘Best Croquettes’ for the quality, variety and flavors; this platform also provided them with The Distinction of Recommended Restaurant award 2021 & 2022.

Spanish Restaurant of the Year at the prestigious Welsh Restaurant Awards 2022 and 2023 and Best Mediterranean Establishment 2024 at the Food Awards Wales.

The restaurant is in a well established shopping area, located close to the Royal Gwent Hospital and Central Police Station and a 15 minute walk from Newport Central train station.

The property consists of two well-presented dining areas, the front with seating for 16 people and rear enclosed garden with capacity for 20 covers.

All fixtures, accessories, restaurant equipment and furniture are included in the price.

Premium £40,000

Very affordable rental for the area £650 including water rates.

Currently the restaurant operates from 5:00 pm to 10:00 pm 4 days a week, generating income with the potential to increase revenue with longer opening hours, days and delivery service.

The restaurant also has a fully equipped kitchen, a separate washing area and a toilet facility, as well as its own website, reservation center and online ordering.

The property benefits from A3 use, however alternative uses will be considered subject to a planning change of use being granted.

Property Ref: c6ee5190-d50f-4e3b-a958-6f008e2cfa72