Features
- To Let - Prime Shopping Centre Retail Unit (By Way of Assignment)
Description
LOCATION
Newry, designated a city in 2005 and with a district population of 90,000 people is strategically located on the economic corridor between Northern Ireland and the Republic of Ireland, approximately 38 miles south of Belfast and 60 miles north of Dublin.
The refurbished Buttercrane Centre (2003) provides in excess of 260,000 sq ft of prime retail facilities for Newry complimented with over 600 car parking spaces on site which helps attribute to the high levels of footfall enjoyed by the centre. Anchor tenants include Marks & Spencer, Dunnes Stores and Primark with other leading retailers including New Look, Dorothy Perkins, Topshop, Zavvi, D2 and Mothercare.
The subject unit occupies a central position within the scheme where adjacent occupiers include Clinton Cards, Paranoid, Costa Coffee, Game and Ann Summers.
ACCOMMODATION
The unit is arranged on ground floor and provides accommodation of the following approximate dimensions and areas:
Internal frontage - 21'0" (6.40 m)
Ground floor retail area - 1,029 sq ft (95.60 sq m)
Plus WC
LEASE
Term - 10 years from 19th April 2005, subject to 5 yearly upward only rent reviews.
Rent - £55,000 per annum exclusive.
Repairs - Equivalent to full repairing terms with a service charge levied. Estimated service charge for 2008/09 is £8,800 p.a.
Insurance - Tenant to reimburse landlord in respecct of buildings insurance estimated at £934 p.a.
For further details please contact Liam McAuley or Catharine Ireland - Tel: 028 90233455
Email - liam.mcauley@dtz.com / catharine.ireland@dtz.com
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