- Newry is a strategically located 'Gateway City' located 39 miles south of Belfast and 67 miles north of Dublin.
- Merchants Quay is Newry's premier in-town retail park with a strong trading history.
- Strong tenant line up with occupiers including TK Maxx, B&M Bargains, Savers, Argos and Peacocks.
- Open Class 1 Retail Park comprising c.58,590 sq ft with dedicated on-site car parking.
- Asset management opportunities to re-gear leases and maximize rental income.
- Current Net Income of £716,155 per annum exclusive.
- We are instructed to seek offers in the region of £5,000,000 (Five Million Pounds Sterling) exclusive.
- A purchase at this level would reflect a highly attractive Net Initial Yield of 13.44% based on purchaser's costs of 6.59% and a low Capital Value of