Summary - Olivios,15 St. Thomas' Square,NEWPORT,PO30 1SL PO30 1SL
1 bed 1 bath Restaurant
**Standout Features:**
- Newly renovated restaurant space with a modern touch
- Prime corner location in the bustling St. Thomas Square
- Versatile premises arranged over three floors (1,943 sq ft total)
- External seating for 30 customers with a pavement license
- Premises license allowing alcohol sales until 2 AM daily
- Potential for freehold acquisition or new non-tied lease at £30,000 per annum
**Potential Downsides:**
- Located in an area with "very high" crime rates
- Immediate surroundings classified as deprived with constrained renters
Discover a unique opportunity to own a thriving restaurant in the heart of Newport’s vibrant commercial hub. This prominent property at 15 St. Thomas' Square boasts a newly renovated interior featuring a stylish dining area, a fully equipped theatre-style kitchen, and seating for 40 guests, with additional space on the first floor for 24 patrons. The desirable corner position ensures high visibility and accessibility, while the external seating area enhances the dining experience, perfect for capturing foot traffic in a busy retail area.
With a flexible premises license allowing alcohol sales until 2 AM and potential for freehold purchase, this versatile space presents an attractive investment for business owners seeking expansion or continued success in a bustling environment. Explore the possibilities for renovations or further enhancements to suit your vision. Don't miss out on this exceptional opportunity to establish your business in one of the Isle of Wight's most sought-after locations—schedule a viewing today!
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