Property photos
Leasehold
From
£50,000 pa
(£5.10/sq. ft. pa)
Restaurant to let
The Ram, 19 Castle Gate, Newark NG249,800 sq. ft
Local area information
Property location
Nearby amenities
- Newark Orchard School (SEN) 0.2 miles
- Mount CofE Primary and Nursery School 0.2 miles
- Newark Castle 0.2 miles
- Newark North Gate 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Leasehold
Key Points
Turnover circa £900k net of vat Rental £50,000 per annum Premium £150,000 Well maintained - minimal cap ex required Potential for letting bedrooms Beer patio and outside bar Newark Town centre location
Location
The historic market town of Newark, with a catchment of over 150,000, is located approximately 16 miles south west of Lincoln, 17 miles north east of Nottingham and 13 miles north west of Grantham. The town is located at the junction of the A1, A46 and A17 and is situated on the East Coast Main Line railway. It is well known for its market, which is surrounded by attractive Georgian buildings. This, coupled with its Castle and strong reputation for antiques and antiquities, ensures it is popular with both residents and visitors.
Terms
Offered for sale as a going concern by way of a lease assignment. The lease was for 10-years from June 2019, with a passing rent of £50,000 per annum plus vat and landlords insurance. Rent reviews 5-yearly.
A copy of the lease is available on request.
Trading Performance
We are advised that year end 2022/2023 net turnover was circa £900k. Trading information is available for interested parties that have viewed the business premises.
Location
The historic market town of Newark, with a catchment of over 150,000, is located approximately 16 miles south west of Lincoln, 17 miles north east of Nottingham and 13 miles north west of Grantham. The town is located at the junction of the A1, A46 and A17 and is situated on the East Coast Main Line railway. It is well known for its market, which is surrounded by attractive Georgian buildings. This, coupled with its Castle and strong reputation for antiques and antiquities, ensures it is popular with both residents and visitors.
Terms
Offered for sale as a going concern by way of a lease assignment. The lease was for 10-years from June 2019, with a passing rent of £50,000 per annum plus vat and landlords insurance. Rent reviews 5-yearly.
A copy of the lease is available on request.
Trading Performance
We are advised that year end 2022/2023 net turnover was circa £900k. Trading information is available for interested parties that have viewed the business premises.
More information
Listed by
P & F Commercial
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