Prime Newport Location Spanish Restaurant with Top Ratings for Sale

Description

New Ole is a well-known Spanish restaurant situated on Cardiff Road in the centre of Newport, South Wales. The business is an award-winning establishment recognised for its high-quality food and distinctive dining experience. It was featured by Wales Online as one of the Best 25 Restaurants in Newport in 2022 and has consistently received Tripadvisor’s ‘Travellers Choice’ award, placing it among the top 10% of restaurants globally for four consecutive years, supported by excellent customer reviews and a 5/5 rating. The restaurant also holds a 4.9/5 rating on Google Maps. In addition, Restaurant Guru awarded New Ole recognition for its ‘Best Croquettes’ due to their quality, variety and flavour profile. The platform also named the restaurant a ‘Recommended Restaurant’ in both 2021 and 2022.Further recognition includes winning Spanish Restaurant of the Year at the Welsh Restaurant Awards in 2022 and 2023, as well as being awarded Best Mediterranean Establishment in 2024 at the Food Awards Wales. These achievements reflect a strong commitment to delivering high standards in Spanish and Mediterranean cuisine.The restaurant is positioned in a well-established retail area close to the Royal Gwent Hospital and the Central Police Station, and is approximately a 15-minute walk from Newport Central train station. The premises include two well-presented dining spaces, with a front section seating 16 covers and a rear enclosed garden area accommodating 20 covers. The interior features a cosy and rustic design with wooden décor and intimate seating arrangements. The external dining area includes heating and decorative lighting, allowing year-round use.The property includes a fully equipped professional kitchen, separate wash-up area and customer toilet facilities. The business also operates its own website with an online reservation system and ordering platform. The premises benefit from A3 use, with potential for alternative uses subject to planning approval.The asking price is £35,000, with all fixtures, fittings, equipment, furniture and stock included to allow for immediate continuation of trade. The lease benefits from a very affordable rent of £650 per month, which includes water rates. The restaurant currently operates four days per week from 5:00 pm to 10:00 pm, with significant potential for increased revenue through extended opening hours, additional trading days and delivery services.New Ole represents a unique opportunity in a prime town centre location, offering authentic Spanish and Mediterranean cuisine with tapas and takeaway options. The business has built a strong local customer base and maintains an established reputation within the community. It has been operated under the same ownership for five years and is now positioned for new ownership to continue its development.