Description
This is an excellent commercial investment opportunity situated at 71 Monaghan Street, Newry, occupying a prominent position along one of the city's established commercial thoroughfares, within walking distance of Newry City Centre and its wide range of amenities.
The property comprises two individual commercial units, both currently in shell condition and requiring complete restoration and refurbishment, offering purchasers a blank canvas to create premises tailored to their requirements.
The units offer excellent flexibility, with the potential to be combined into one larger commercial premises or retained as two separate units, providing an opportunity to maximise rental income and overall investment returns. With significant refurbishment and redevelopment potential, this property presents an attractive opportunity for investors, developers and business owners alike, subject to any necessary statutory approvals.
Rooms
LOCATION:
Newry is a vibrant and well-established city, offering an attractive combination of commercial opportunity, excellent connectivity and a diverse local economy. Strategically positioned close to the border with the Republic of Ireland and midway between Belfast and Dublin, Newry represents an important commercial and retail centre within Northern Ireland, providing an appealing location for businesses seeking to establish, expand or invest within a thriving commercial environment.
Monaghan Street occupies a prominent position within Newry city centre and is one of the city's established commercial thoroughfares. The street benefits from a varied mix of independent retailers, professional services, hospitality businesses and established commercial occupiers. Its location provides convenient access to the city's principal retail and commercial amenities, including Buttercrane Shopping Centre, The Quays Shopping Centre and the wider city centre.
Newry offers an excellent range of amenities, with a well-established mix of retail, professional services, restaurants, cafés and leisure facilities contributing to its vibrant commercial landscape. Monaghan Street also benefits from its proximity to the Old Creamery Quarter, an established area of the city centre which further enhances the street's commercial appeal. The city's main bus station is within convenient walking distance, while Newry Railway Station provides rail connections to Belfast and Dublin. The nearby A1 dual carriageway also offers excellent road connectivity to both cities and the wider Northern Ireland and Republic of Ireland regions.
The city benefits from a diverse business community and an established commercial infrastructure, supported by its strategic position along the Belfast–Dublin corridor. Newry's cross-border location, strong retail offering and established employment base make it an attractive destination for commercial occupiers, investors and businesses seeking to benefit from a well-connected regional centre.
With its established city centre setting on Monaghan Street and convenient access to Newry's extensive range of amenities, public transport links and wider road network, the property represents an excellent opportunity for businesses seeking to establish themselves within one of Northern Ireland's key commercial centres.
NAV:
We are advised that the NAV is £3,550
Estimated Rates Payable: £2,195 per annum.
FURTHER INFORMATION:
For further information or to arrange a viewing, please contact:
Stephen Gray - Branch Manager
T: 028 300 50633 E: stephen@simonbrienbradley.com
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