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Newry is considered one of Northern Ireland’s major retailing hub benefiting from its strategic location c.40 miles south of Belfast and c.65 miles north of Dublin and boarders the Irish Republic with County Louth c.15 miles with a population of c.35,000 and a catchment population of c.85,000.
This retail unit is situated fronting onto Hill Street, Newry’s prime retailing location directly opposite the newly refurbished First Derivatives building and in close proximity to the First Trust and Newry Cathedral.
Neighbouring retailers include Thompsons Travel, Menary’s, SuperValu and Superdrug.
The premises is a three storey commercial building with ground floor open plan retail space which benefits from approximately 8.5 metres of frontage onto Hill Street. The first and second floors provided ample storage and staffing facilities.
The Property has been measured in accordance with the RICS Code of Measuring Practice.
Retail Area 1453 ft2 135 m2
Storage 344 ft2 32 m2
Kitchen 139 ft2 13 m2
Store One 721 ft2 67 m2
Store Two 581 ft2 54 m2
Store One: 129 ft 2 12 m2
Store Two: 97 ft 2 9 m2
Store Three: 334 ft 2 31 m2
Term: 10 Years
Rent: £25,000 per Annum Exclusive
Repairs: Full Repairing Lease
Insurance: Tenant to reimburse the landlord the Insurance Premium
We have been advised by the Land & Property Service of the following rating information.
Annual Rates: £15,323.38
It is assumed that the property is held by way of a freehold title.
Viewing strictly through: Strictly by appointment with
98 Hill Street
Tel: (028) 30833233
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