WHAT'S ON OFFER
49-51 Central Promenade & 2 - 4 Causeway Road is located in the very heart of the seaside town of Newcastle in the south of County Down, Northern Ireland. A prominent fixture along the Central Promenade, the property was for many decades the location of the family operated Thornton’s Pharmacy. In more recent years, the properties have been sub-divided to provide an excellent mixed use commercial development that offers 3 no. tenanted commercial units, a garage, and 4 no. 2 and 3 bed apartments available with vacant possession.

The existing tenancies offer an immediate income which can be further enhanced via rent reviews, along side the letting of the vacant apartments. Of course, the properties prime location on the Central Promenade and within the town centre development limit (Ards and north Down Area Plan 2015), offers significant opportunity for partial or complete redevelopment, subject to planning.

LOCATION
Newcastle is a popular seaside resort town in County Down, Northern Ireland, which boasts a population of 8,298 as at the 2021 Census. Newcastle is located overlooking the Irish Sea at the foot of Slieve Donard, the highest of the Mourne Mountains. The town is reknowned for its sandy beach, forests, and mountains, as well as, the champion golf course, Royal County Down which played host to the Irish Open in 2015.

In recent years, Newcastle has welcomed a resurgence in popularity due to its scenic setting and expansive lifestyle opportunities. The town has attracted investment from a range of mutli-national operators and includes Lidl, Tesco, Cafe Nero and the world renowned Slieve Donard Hotel and Spa. Furthermore, the demand of residential property in Newcastle has resulted in record breaking values with the town being regarded as the highest value area on the south down coast. The property is located c. 30 miles south of Belfast and 20 miles east of Newry.