New King Wah Restaurant, 5 Kirkgate, Newark, NG24

For Sale £650,000

**Inviting buyers to view who are looking between £650,000 to £850,000 - Buyer Search Range.**

Quite possibly one of the oldest restaurants in Newark. The New King Wah has had a community presence in the town for over 50 years. And has firmly established itself as a local favourite for traditional Cantonese cuisine.

This is for the sale of the restaurant, which presents the opportunity to cater for over 100 covers, a complete with a small bar area, an operational kitchen designed for 5+ staff and multiple storage rooms. And its premises, which is a grade II listed building comes with incredible potential; comprising a ground floor retail shop, a basement, first floor accommodation and additional space on the second floor.

The premises (c1770) presents an amazing amount of unused space. And could be suitable for a variety of uses (STPP). Fantastic renovation opportunity.

The historic market town of Newark stands on the River Trent and has a retail catchment population estimated to be around 121,000 residents.

The town has a higher than average demographic profile indicating older more affluent residents.

The town is a sub-regional shopping centre enjoying good transport links with Northgate Railway Station, approximately 500m to the north of Castle Gate. Nottingham is 20 miles to the south-west, Lincoln approximately 25 miles to the north-east. The A1 runs alongside the eastern edge of the town and the A46 dual carriageway passes the town to the north connecting Lincoln with Leicester.

Please note under section 21 of the estate agents act 1979 we are obliged to inform all interested parties that this property is being sold on behalf of a relative of a Director of Open House South West London.

  • Freehold ownership
  • Excellent town centre location
  • Building suitable for a variety of uses (STPP)
  • 7,876 SQ FT (approximately)
  • Fantastic Restuarant Opportunity
  • 3 x Air conditioning units installed
  • 6 bedrooms
  • Retail shop included
Floorplan for New King Wah Restaurant, 5 Kirkgate, Newark
EPC Graph for New King Wah Restaurant, 5 Kirkgate, Newark

Similar Properties

UNDEROFFER Cheviot Close (REDUCED FOR QUICK SALE), Prenton, Birkenhead

Cheviot Close (REDUCED FOR QUICK SALE), Prenton, Birkenhead, CH42

Under Offer £25,000

Beaumont Road, Middlesbrough

Beaumont Road, Middlesbrough, TS3

For Sale £35,000

SOLDSTC Othello Close, Stafford

Othello Close, Stafford, ST17

Sold Subject to Contract £36,250

Dorrington Close, Murdishaw, RUNCORN

Dorrington Close, Murdishaw, RUNCORN, WA7

For Sale £38,000

Get an instant online valuation

Find out how much your property is worth