8 & 8A Marcus Square, Hill Street, Newry BT34 1BE

Offers around £420,000
Offers around £420,000
Price Offers around £420,000
Style Investment Property
Status For sale

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Additional Information

Additional Information

LOCATION
Newry, designated a city in 2002 is strategically located on the economic corridor between Northern Ireland and the Republic of Ireland located approximately 38 miles south of Belfast and approximately 60 miles north of Dublin.

With a district population in excess of 90,000 people and benefiting from excellent transport links to the North and South of Ireland Leading to substantial cross border trade, Newry has experienced considerable expansion over recent years and is one of the country's foremost shopping destinations with an array of traditional independent traders and multi-national retailers in various retail schemes across the city to include The Quays Shopping Centre, Buttercrane Shopping Centre, Damolly Retail Park and Merchants Quay Retail Park.

The property occupies an excellent site in the middle of Newry City Centre with entrances at both Marcus Street and Hill Street.

Other occupiers in this location include Thomas Cook, Dunnes Stores, Danske Bank, Supervalu and the Translink bus station.

ACCOMMODATION
Ground Floor:
Retail Area - NIA 379.0m2 (4,090sqft)
Storage Area - NIA 127.83m2 (1,100sqft)

Storage Area (First Floor) - NIA 88.08m2 ( 948sqft)

First Floor:
Storage - NIA 128.34m2 (1,381sqft)

Second Floor:
Storage - NIA 120.34m2 (1,295sqft)

LEASE DETAILS
Tenant - Menarys
Lease Expiry - September 2021
Passing Rent - £40,000 per Annum

The property is tenanted by Menarys which was founded in 1923. Following rapid expansion in the 1980's and 90's, Menarys now have 17 Menarys and Tempest stores, one store Support Centre and more than 360 members of staff.

GUIDE PRICE
Offers in the Region of £420,000

NAV
No 8 - We are verbally advised that the NAV is £40,200. The commercial rate in the £ for 2016/2017 is £0.56.

No 8A - We are verbally advised that the NAV is £1,650. The commercial rate in the £ for 2016/2017 is £0.56.

EPC
Please contact the agent.


VENDORS SOLICITOR
McShane & Co, 34 Hill Street, Newry, Co Down.


VAT
All prices, rentals and outgoings are exclusive of but may be liable to VAT.

VIEWING
Strictly by appointment.
Daragh Mallon 07775576858 daragh@bestpropertyservices.com
Gerard Kelly 07796947736 gerard@bestpropertyservices.com

Directions

Newry, designated a city in 2002 is strategically located on the economic corridor between Northern Ireland and the Republic of Ireland located approximately 38 miles south of Belfast and approximately 60 miles north of Dublin.

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Property Statistics

Total Views

(since advertised)

2,557

Listing Views

Date Views Unique Views Featured Published
16th Sep 5 5 No Yes
17th Sep 2 2 No Yes
18th Sep 1 1 No Yes
19th Sep 4 4 No Yes
20th Sep 2 2 No Yes
21st Sep 1 1 No Yes
22nd Sep 0 0 No Yes
23rd Sep 3 3 No Yes
24th Sep 0 0 No Yes
25th Sep 4 4 No Yes
26th Sep 4 4 No Yes
27th Sep 2 2 No Yes
28th Sep 3 3 No Yes
29th Sep 3 3 No Yes
30th Sep 1 1 No Yes
1st Oct 3 3 No Yes
2nd Oct 3 3 No Yes
3rd Oct 5 5 No Yes
4th Oct 1 1 No Yes
5th Oct 4 4 No Yes
6th Oct 5 5 No Yes
7th Oct 3 3 No Yes
8th Oct 6 6 No Yes
9th Oct 3 3 No Yes
10th Oct 6 6 No Yes
11th Oct 12 12 No Yes
12th Oct 6 6 No Yes
13th Oct 4 4 No Yes
14th Oct 3 3 No Yes
15th Oct 10 10 No Yes

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