PRIME CITY CENTRE RETAIL/ OFFICE BUILDING
We are delighted to present this self contained commercial/ residential building centrally located in the City of Newry and an ideal investment opportunity.
32 St Marys Street is located in the commercial heart of Newry City centre and is convenient to the main shopping precincts, Newry Market and bus terminal.
This mixed use property has an office or commercial unit on the ground floor and 1 bed studio apartment on the first floor.
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 St Mary's Street, within a short walking distance of the traditional city centre where the majority of the Banks, independent retailers, as well as the global HQ for First Derivatives PLC is located. 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.
Ground Floor Commercial Unit – 550sqft
First Floor Studio Apartment– 420sqft
The property is offered to market with a Guide Price of £60,000.
Estimated Rates Payable 21/2: £1623.28 per annum.
The property should benefit from the Small Business Rates Relief Scheme, which would provide an occupier with a 20% reduction in rates payable. However; we recommend that you verify this with Land & Property Services.
The property is not elected for VAT.
VIEWING DETAILS/ FURTHER INFORMATION
For further information or to arrange a viewing, please contact:
Stephen Gray, Commercial Property Executive
T: 028 300 50633
Garrett O'Hare, Commercial Director
T: 028 300 50633