85-87 Newry Street, Banbridge, County Down, BT32 3EA
- Type: Retail Unit
- Status: Agreed
Prime Retail Investment For Sale (Currently let to Boots)
Location / Description
Banbridge is the principal town of West Down. It is situated a short distance from the A1 Dual Carriageway which connects Belfast to Newry and Dublin, a route which defines Ireland’s east coast economic corridor.
The premises occupy a 100% prime retail location in the main high street, which is thriving. National and local multiple retailers include; New Look, Dorothy Perkins, DV8, Peacocks, Xtravision and M&Co. A public car park is located close by.
The property occupies a corner site with access from and extensive return frontage to Linenhall Street; and is very convenient to Commercial Road car park, the main car park serving the high street.
The property has been occupied by Boots (and previously Connors) for over twenty years and negotiations have been concluded and are currently being documented for a 5 year lease renewal on fully repairing and insuring terms from 2nd November 2009 at a rent of £36,000 per annum.
The tenant, Boots UK Limited, is one of the UK’s leading pharmacy-led health and beauty retailers.
Ground Floor area c. 2,190 sq ft / 203.50 sq m
First Floor area c. 1,530 sq ft / 142.0 sq m
All prices quoted are exclusive of, but may be liable to VAT.
The property is held under a long lease subject to a nominal ground rent.
Offers are invited in the region of £600,000.
Note: These particulars are given on the understanding that they will not be construed as part of a contract, conveyance or lease. Whilst every care is taken in compiling the information, we can offer no guarantee as to the accuracy thereof and enquirers must satisfy themselves regarding descriptions and measurements.