LOCATION AND DESCRIPTION

Newry City is situated approximately 34 miles from Belfast and boast a district population of c. 88,000 and a catchment population of c. 150,000 within a 15 minute drive time.

The subject property occupies a prime location on Hill Street, the main thoroughfare in the City and also benefits from return frontage to Margaret Square.Accommodation is provided over 3 floors in total. Other nearby occupiers include, Ulster Bank, The Shelbourne, Harry Corry, Axa Insurance and Santander.

ACCOMMODATION
Ground Floor:
Retail Area NIA c.1755 sqft (163 m2)

First Floor:
Office, Stockroom, W/C provision, Staff Room NIA 650 sqft (60m2)

Second Floor:
Ancillary Storage – NIA 635 sqft (59m2)

Total NIA – 3040sqft

LEASE DETAILS
Length of lease negotiable (min 5 year term). Tenant responsible for repairs, rates and building insurance together with all other normal tenant outgoings.

GUIDE RENT
Option A – £24,950 Per Annum

Option B – £15,500 Per Annum (to include upper floors) - See brochure for further details

OTHER DETAILS
Electric roller shutter doors,
Security alarm fitted
Excellent Business Opportunity in Prime Pitch

NAV
We are advised that the NAV of the property is £34,300. Rates in the £ for 2022/2023 is £0.5152. Rates payable approx. £17,671 Per Annum

NB – Above figures provided by LPS and should be confirmed by incoming tenant

EPC
C - 65

V.A.T.
Prices, outgoings and rentals are exclusive of but may be liable to VAT.

VIEWING
For further information and viewing arrangements please contact:
Gerard Kelly 07796947736 gerard@bestpropertyservices.com
Ryan McBride ryan@bestpropertysservices.com