54 Hill Street, Newry, BT34

Description

Prime commercial unit fronting onto Hill Street, Newry comprising ground floor retail sales with first and second floor storage. Adjoining occupiers include Menary’s, Superdrug, and Super Valu, Ethel Austin, Dunnes and a variety of long established local retailers.

Newry is one of Northern Ireland’s Premier retailing locations and is strategically situated approximately 35 miles South of Belfast and approximately 65 miles North of Dublin. Newry City has a catchment population of approximately 80,000 people and benefits greatly from cross border trade.

Lease Details
Rent: £30,000 per annum
Term: Length of lease Negotiable (Net annual Value £31,300)
Rates: Commercial rate in poundage 2011/12 £0.54847 rates £17,167
Insurance: Tenant liable to reimburse the landlord insurance premium
Repair: Full repairing and insuring terms

Accommodation in brief

Accommodation
ACCOMMODATION:

Ground Floor:

Retail area: 155.81 m² (1677 sq ft)
Store one: 89.69 m² ( 204 sq ft)
Store two: 1.54 m² ( 17 sq ft)
Office: 4.97 m² ( 54 sq ft)

First Floor:
Kitchen: 12.91 m² (139 sq ft)
Store One: 56.85 m² (612 sq ft)
Store Two: 11.40 m² (123 sq ft)
Store Three: 25.40 m² (279 sq ft)
Store Four: 28.98 m² (321 sq ft)
WC Facilities

Second Floor:
Store One: 12.38 m² (133 sq ft)
Store Two: 9.28 m² (100 sq ft)
Store Three: 31.23 m² (336 sq ft)
___________________
Total Net Internal Area: 370 m² (3986 sq ft)

Lease details: Length of Lease Negotiable

Term: By Negotiation

Rent Guide £30,000 Per annum

Repairs: Equivalent to full repairing and insuring terms.

Vat: All prices, outgoings and rentals maybe liable to VAT

NAV: We are verbally informed by the Land & property services that the estimated NAV for the subject premises is £31,300 commercial rate in poundage 2011/12 = 0.548473.

Viewing strictly through: Strictly by appointment with Digney Boyd.
98 Hill Street
Newry
Co. Down
BT34 1BT