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A unique opportunity to acquire an extensive period property in the heart of Newry's bustling City Centre. In need of complete refurbishment, this property is unlikely to be mortgageable in it's current condition and therefore is an opportunity for investors and developers seeking an exciting project to return this unique place to it's former glory as a residence or other use subject to consents.
Newry occupies a strategic location between Belfast and Dublin, c. 37 miles south west of Belfast. The City has the benefit of excellent communication links due to its location on the main A1 Dual Carriageway which serves as the key link between Dublin and Belfast. The subject property is situated on Castle Street, nearby the historic Bagenal's Castle, an area that has been synonymous with commerce and trade for over 200 years and is home to a combination of business and residential dwellings. The location is also directly beside the Lidl Food Store, as well as fronting the site of the newly planned Private Medical Hub. This enviable location offers ease of access to a variety of nearby carparks, as well as the major road networks such as the M1 & M2.
The property is designated by the Environment and Heritage Service as "Buildings of Special Architectural or Historical Interest. Interested parties should make their own enquiries to satisfy themselves with respect planning potential and restrictions.
Assumed Freehold Title. A shared right of way exists via the gated arch and leading to the garden/ lands at the rear.
The property provides various accommodation across 3 main levels. Further space exists at both basement and loft level also. Please refer to the illustrative floor plan provided.
Estimated Rates Payable 20/21: £1,930 per annum.
The property may benefit from rate relief due to it's inhabitable condition. However; we recommend that you verify this with Land & Property Services.
The property is offered to market at Offers Over £120,000. We will only accept bids from purchasers who can provide proof of funds in advance.
The closing date for offers is Friday 26th March at 12 Noon.
Please note we reserve the right to agree the sale at any time before this date, upon the receipt of a satisfactory bid and on the vendors instruction.
VIEWING DETAILS/ FURTHER INFORMATION
For further information or to arrange a viewing, please contact:
Garrett O'Hare, Director
T: 028 300 50633
Bradley Estates NI Limited for themselves and for the Vendors or Lessors of the property whose agents they are give notice that; i) these particulars are given without responsibility of Bradley Estates NI Limited or the Vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; ii)Bradley Estates NI Limited cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; iii) no employee of Bradley Estates NI Limited has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property; iv) VAT may be payable on the purchase price and/or rent, all figures are quoted exclusive of VAT, intending purchasers or lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; v) Bradley Estates NI Limited will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.
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