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34 Cardiff Rd 1,216 SF of Retail Space Available in Newport NP20 2ED
HIGHLIGHTS
- £650 PCM Including Water Rates
- Multi-Award-Winning Independent Spanish Restaurant
- Fully Equipped
- Flexible Terms On Lease.
- Complete Set Up Premium £35,000
- A3 Use
- Capicity For 36 Covers
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 1,216 SF | Negotiable | $8.62 /SF/YR $0.72 /SF/MO $10,484 /YR $873.64 /MO | Fully Repairing & Insuring |
Ground
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 £35000Very 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.
- Use Class: A3
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Central Air Conditioning
- Private Restrooms
- Freezer Space
- Smoke Detector
- Premium of £45,000 for F&FFlexible Terms On Lease
- Fully Equipped
- Multi-Award-Winning Independent Spanish Restaurant
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
PROPERTY FACTS
| Total Space Available | 1,216 SF | Gross Leasable Area | 1,216 SF |
| Property Type | Retail | Year Built | 1980 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,216 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 1,216 SF |
| Year Built | 1980 |
ABOUT THE PROPERTY
Newport is a vibrant city in South Wales, combining urban living with rich history and scenic surroundings. The area boasts excellent transport links via the M4 and rail services to Cardiff and beyond, making it ideal for commuters. NP20 offers a mix of affordable housing, diverse communities, and amenities such as parks, shops, and cultural landmarks like the iconic Transporter Bridge, creating an attractive environment for families, professionals, and retirees alike.
- Bus Line
- Security System
NEARBY MAJOR RETAILERS
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The Letting Station
34 Cardiff Rd
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