11-14 Newry Street, Warrenpoint Newry BT34 3JZ

Investment Property (9,600 sq. feet) For Sale
Offers over £400,000

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Eoin Lawless Chartered Surveyor and Estate Agent

Eoin Lawless Chartered Surveyor and Estate Agent

028 4175 4522 Show Phone Number Call The Agent
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Key Information

Price Offers over £400,000
Style Investment Property
Status For sale

Location

This agent has listed the accuracy as: Quite Near

Additional Information


INVESTMENT OPPORTUNITY

11 - 14 NEWRY STREET, WARRENPOINT CO. DOWN.


TOWN CENTRE COMMERCIAL BUILDING

GUIDE PRICE £400,000 ( excl. V.A.T )

LOCATION:

The subject property is a Town Centre Commercial Building with excellent street frontage onto Newry Street and on the main Warrenpoint to Newry Road.Its strategic location benefits from a large passing trade both vehicular and pedestrian. It is in the Town Centre of Warrenpoint and approximately a 10 minute drive from Newry, with the city of Dublin well served by excellent motorway links, and the city of Belfast also well connected by dual carriage way and motorway. It is also close to Warrenpoint Harbour, Siaca Factory, and Milltown Industrial Estate. It has the advantage of ample off street parking directly opposite. This represents an ideal investment or owner occupier opportunity and will appeal to those seeking office or commercial space in a central location.

DESCRIPTION:

11-14 Newry Street is a mixed use commercial block over three floors. There is a retail unit, an office suite, a dance studio and a training room/studio on the Ground Floor. Offices, storage rooms, studios and training rooms cover all of First Floor and there is a meeting room and a further office on the second Floor. The building is serviced with kitchen and toilet provision on Ground and First Floors. Upper floors are accessed by separate staircases leading from shared entrances on the Ground Floor. There is oil fired central heating. The building is substantially occupied by various tenants at this time. It was constructed 1999, and has been well maintained to structure and fabric.

ACCOMMODATION DETAILS AS CURRENTLY LEASED ( circa 9600 sq ft)


Ground Floor GIFA circa 4000 sq ft (including circulation space)

1. Office Suite- Three rooms, hallway, kitchen, toilet. GIFA - c.660 sq ft.
2. Retail Unit -large retail space, office, kitchen, shared toilet. GIFA - c.890 sq ft.
3. Training Room - one studio, shared toilet. GIFA - c.400 sq ft.
4. Studio -Two dance studios, changing room, kitchen, toilet. GIFA - c.1400 sq ft.
Disabled toilet on ground floor.
First Floor GIFA circa 4000 sq ft (including circulation space)

All Rooms currently utilised as offices, stores, training rooms, and studios and serviced by kitchens and toilets and covering the entire First Floor.

Second Floor GIFA circa 1600 sq ft (including circulation space)

1. Meeting Room -GIFA - c. 360 sq ft.
2. Office -GIFA - c.360 sq ft.
RENT (possession agreed under license)

Ground Floor Tenant Rent (subject to V.A.T)
1. Office Suite Vacant £5417 excl. V.A.T pa. (rent on occupation)
2. Retail Unit Pet Shop £8000 excl. V.A.T pa.
3. Training Room Beauty School £3500 excl. V.A.T pa.
4. Studio Pilates £2800 excl. V.A.T pa.
First Floor:
All rooms Beauty School £12000 excl. V.A.T pa.
Second Floor:
1. Meeting room Beauty School £833.33 excl. V.A.T pa.
2. Office Vacant £833.33 excl. V.A.T pa (rent on occupation)
Total rent on occupation £33,383.66 pa.

RATES:

Available upon request (currently payable by Tenants).

GUIDE PRICE:

Offers around £400,000 excl. V.A.T.

VIEWING ARRANGEMENTS:

Strictly By Appointment with the Agent.

E.P.C. Rating:
awaiting.

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