The Ram, 19 Castle Gate, Newark, NG24 1AZ
£5.10 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
9,800 sq ft
910 sq m
- SECTOR
Pub to lease
Lease details
- Lease available date:
- Ask agent
Key features
- 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
Description
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.
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.
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.
Brochures
The Ram, 19 Castle Gate, Newark, NG24 1AZ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newark Castle Station0.2 miles
- Newark North Gate Station0.6 miles
- Rolleston Station3.8 miles
About P&F, Commercial
18 Midland Court Station Approach Oakham Rutland LE15 6RA
P&F Commercial are the only dedicated sole Commercial Estate Agency in Rutland with unrivaled regional knowledge and forty years’ combined experience. P&F Commercial can offer the kind of assurance and exceptional personal attention clients know they can depend on when making important commercial property decisions.
Notes
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