55-57 Hill Street, Newry, BT34

Description

Description:
Newry, designated a city in 2005 is a progressive destination strategically positioned on the Belfast to Dublin economic corridor, bordering the Republic of Ireland at Dundalk.

Hill Street is the City's traditional High Street with a good mixes of national and local multiple retailers. The subject premises occupy a prime location on Hill Street adjacent Super Valu supermarket. Neighbouring occupiers include Superdrug, Menarys Department Store, The Edinburgh Woollen Mill, Harry Corry's and Thomson Travel.

ACCOMMODATION:

Additional Features:
• Prime Retailing Location
• Total Area extend to 4678 Sq ft
• Frontage to Hill Street 6.6m (21'7)
• Available 1st February 2012
• Delivery access to rear from Water Street
• Electronic roller shutter door
• Benefits from high volumes of vehicular/pedestrian traffic

Accommodation:

Ground Floor:- Retail Area, W/C NIA 145 sq m (1,561sqft)

First Floor:- Retail/Store 141 sq m ( 1,515sqft)

Second Floor: Stores 149 sq m ( 1,602sqft)

Total Internal Area: 435m (4,678 sq ft)

Lease Terms

Term: 10 Years subject to 5 yearly rent reviews.

Rent: £28,500 per annum exclusive

Rateable Value: We are advised by the Land & Property services that the
Rateable Value is £33,900, Rate in £ 2011/12 = £0.5485

Rates payable: 2011/2012= £18,580

Insurance/Repair: Full repairing and insuring lease.

Availability: 1st February 2012

Guide Price: £400,000

Vat: We understand the property is not vat registered.

VIEWING: For further information and Viewing Arrangements please contact:
Digney Boyd
98 Hill Street
Newry
Co. Down
BT34 1BT

Tel: 02830833233

Ref: A581