20 Upper Water Street, Newry, Down, BT34 1DJ

From

£165,000

Typical Mortgage

per month

Contact Shooter Property Services (Newry)

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Description & Features

High Profile Mixed Use Development and Investment Opportunity
Over 4,7000 sq. ft. of Commercial Space
Vacant Ground Floor Retail Unit - Formerly Hanna Paints and Wallpapers
First Floor Offices Recently Refurbished and Let to Macauley Smyth Accountants at a Rent of £500 pcm
Vacant Rear Stores Accessed via Private Entry Offering Major Redevelopment Potential
Roller Shutters
High Profile Location
Convenient to Public Car Parking

Prominent Mixed Use Investment & Development Opportunity

Excellent investment and development opportunity in a high profile City Centre location in Newry. The property offers initial income by way of a let first floor office (fully refurbished approx. 10 years ago). The ground floor has recently become vacant following the closure due to retirement of longstanding family business, Hanna Paints and Wallpaper. To the rear of the property is a substantial yard and outbuildings which offer great development potential and would be an ideal residential conversion (subject to planning). Upper Water Street enjoys a high level of both pedestrian and vehicular traffic and is located in an area that has enjoyed considerable investment in recent years.

Room Measurements

Ground Floor Retail Unit: Glazed shop front, W.C. and stores.
First Floor Offices: Recently refurbished and in excellent order. Electrical heating, carpet floors. Accommodation comprises reception, private meeting room, two x private offices, W.C and kitchenette. Renting passing £500 pcm.
Second Floor: Vacant stores in basic shell condition.
Stores and Outbuildings to Rear: Various commercial stores and outbuildings in a basic shell condition.