30 Monaghan Street, Newry, BT35

Features

• For Sale - Mixed Commercial/Residential Development Opportunity 

Description

LOCATION

Newry, designated a city in 2005, is strategically located on the border between Northern Ireland and the Republic of Ireland approximately 38 miles south of Belfast, with ease of access to Belfast, Dublin and the surrounding locality via the road and rail network.

In addition to a population of approx 90,000 persons it has a large catchment area augmented by substantial cross border business.  Newry is one of the strongest commercial/industrial trading and distribution locations in Northern Ireland.   The subject site is situated at a prominent location within the city with extensive frontage onto Monaghan Street with nearby occupiers including Newry Health Village, Iceland, Dunnes Stores, Newry and Kilkeel Institute of Further and Higher Education, Savers, Argos, Peacocks etc.

DESCRIPTION

This prominently located site currently used as a car park provides approx 70 m of frontage onto Monaghan Street with a site area extending to approx 0.8 acres (0.33 hectares).

PLANNING

The site is located in an area zoned as a development opportunity site as defined within the Newry & Mourne Plan 2015 Draft Plan.

The site benefits from full planning permission for a mixed use development comprising approx 10,500 sq ft of retail, 19,250 sq ft of offices and 41 apartments (P/2006/0006/F) (copy plans are available on request).

TITLE

The property is held freehold or virtual freehold.

ASKING PRICE

Offers in excess of £3.5 million (Three Million, Five Hundred Thousand Pounds) exclusive, subject to contract.

For further details please contact paul.mulholland@dtz.com or mark.mccaul@dtz.com

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