|Address||Retail Unit At, 12 Margaret Street, Newry|
|Rent||Last listed at £7,000 / year|
|EPC Rating||EPC Rating|
This prime commercial unit is located in the centre of Newry City, just off the busy Hill Street and is suitable for a variety of commercial/ retail uses subject to consent. The property is just few minute’s walk from both the Buttercrane and Quays Shopping Centres and is within close proximity of Danske, Santander, Ulster and First Trust Bank driving significant footfall to the area. Within the immediate vicinty of the unit, neighbouring occupiers include Shes Day Spa, The Hub, Maggie's Cafe, The Newry Reporter, The Shelbourne Bakery, Superdrug, Supervalu and The Edinburgh Woollen Mills. The property also benefits from a nearby carpark at North Street, which provides for convenient access for customers. Recently refurbished, the unit is in excellent condition and offers a prospective tenant the opportunity to move in with very little additional outlay required.
Newry is a thriving regional centre located close to the border with the Republic of Ireland, approximately 40 miles from Belfast and 60 miles from Dublin. The centre has a catchment population, extending close to both sides of the border of 1.3 million living within a 25 minute drive time. Newry is ranked 3rd in CACI ranking of Northern Ireland Centres, 9th for Ireland overall.
Ground Floor: Retail unit with kitchenette
First Floor: Office Space, Storage and WC
Additional Features: Carpet Flooring, plastered and painted walls/ ceilings, fluorescent lighting.
SIZE & MEASUREMENTS
Ground Floor : c.400 sq ft
First Floor: c.480 sq ft
TOTAL: c.880 sq ft
3 Years Minimum Term
Full repairing and insuring basis
Available 31st August 2019
We are advised by Land & Property Services that the property has a NAV of £6,150.00. The rate in the £ for 2018/2019 is £0.559 and the rates payable are £3,437.85 p.a. Please note that there may also be small business rates relief available on this property and prospective tenants are requested to make their own enquiries in relaiton to this.