Retail Property (High Street) for rent in Newry
LOCATION AND DESCRIPTIONNewry 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.ACCOMMODATIONGround 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 – 3040sqftLEASE DETAILSLength of lease negotiable (min 5 year term). Tenant responsible for repairs, rates and building insurance together with all other normal tenant outgoings.GUIDE RENTOption A – £24,950 Per AnnumOption B – £15,500 Per Annum (to include upper floors) - See brochure for further detailsOTHER DETAILS
Electric roller shutter doors, Security alarm fittedExcellent Business Opportunity in Prime Pitch
NAVWe 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 AnnumNB – Above figures provided by LPS and should be confirmed by incoming tenantEPCC - 65 V.A.T.Prices, outgoings and rentals are exclusive of but may be liable to VAT.
VIEWINGFor further information and viewing arrangements please contact:Gerard Kelly 07796947736 gerard@bestpropertyservices.comRyan McBride ryan@bestpropertysservices.com
Important information
This is not a Shared Ownership Property
Property Ref: 646566_NEW200318_L
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For Sale by Best Property Services via the Iamsold bidding platform.
BEST PROPERTY SERVICES (N.I.) LTD (Newry)
Newry, Co Down, BT34 1BT
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