Custom House, 23 Merchants Quay, Newry

Key Information

Address	Custom House, 23 Merchants Quay, Newry
Available From	01/03/17
Lease	36 months minimum
Style	Retail unit
Status	To let
Rent	POA

Additional Information

EXCITING NEW RETAIL/OFFICE BUILDING

PLANNING PERMISSION FOR RESTAURANT/FOOD USE IN 2 UNITS

FROM 1,000 TO 6,000 SQFT

LOCATION
Newry is strategically located on the economic corridor between Dublin – Belfast with a district population in excess of 90,000 people. Newry has experienced considerable expansion in recent times and has become one of the country's foremost shopping destinations.

Custom House is located in the heart of the City overlooking Newry Canal.

This area benefits from high volumes of vehicular and pedestrian traffic. The entire area has benefitted from the recently completed Newry Canal Redevelopment Scheme with in excess £2.5 Million of public realm works being undertaken.

This exciting new development is the largest scheme to be undertaken in the City for over a decade.

Excellent opportunity to establish retail/restaurant/office premises in the heart of Newry.

DESCRIPTION
v Custom House comprises of a striking three storey mixed use commercial building with extensive onsite parking.

v Ground floor comprises of 5 No Retail/Business Units with Planning Permission for Restaurant/food use in 2 units.

v First floor is occupied by South Down Dental Clinic with complementary medical & facial aesthetics treatments.

v Second floor to comprise of office/resi accommodation.

ACCOMMODATION
Ground Floor: Retail Unit 1 NIA 1,440 sqft
Retail Unit 2 NIA 1,480 sqft
Retail Unit 3 NIA 2,100 sqft
Business Unit 4 NIA 1,140 sqft
Business Unit 5 NIA 1,020 sqft

First Floor:Entire floor occupied by South Down Dental Surgery/Ancillary Uses

Second Floor: Apartments

SPECIFICATION
The units will be plastered.
Services will be provided to a connection point to allow tenants to carry out their own internal fit out.

RENT
Current Release 2017:
Ground Floor -Unit 1 £20,000 PA
Unit 2 £22,000 PA
Unit 3 £30,000 PA
Unit 4 £12,000 PA
Unit 5 £12,000 PA

LEASE TERMS
Length of lease negotiable (min 5 years). Tenant responsible for repair, rates and insurance. A service charge will be levied to cover communal areas.

RATES
Not yet assessed.

VAT
VAT is applicable.

VIEWING
Daragh Mallon 07775576858 daragh@bestpropertyservices.com
Gerard Kelly 07796947736 gerard@bestpropertyservices.com

Directions

Newry is strategically located on the economic corridor between Dublin - Belfast with a district population in excess of 90,000 people. Newry has experienced considerable expansion in recent times and has become one of the country's foremost shopping destinations. Custom House is located in the heart of the City overlooking Newry Canal. This area benefits from high volumes of vehicular and pedestrian traffic. The entire area has benefitted from the recently completed Newry Canal Redevelopment Scheme with in excess £2.5 Million of public realm works being undertaken. This exciting new development is the largest scheme to be undertaken in the City for over a decade. Excellent opportunity to establish retail/restaurant/office premises in the heart of Newry.