Attractive Gordons Chemists Investment Plus Excellent Development Opportunity

We are delighted to offer for sale this high profile mixed use investment opportunity at 9-11 Sugar Island, Newry. The lot comprises an attractive long term income from Gordons Chemists coupled with an exciting opportunity to regenerate a substantial town centre premises. The total floor space is approximately 8,900 sq. ft. with accommodation over three floors. Part of ground floor is let to Gordons Chemist on a new 10 year lease from August 2025 at £22,000 per annum. Whilst the upper floors are vacant, an indicative scheme has been prepared showing conversion to six apartments (subject to planning). A rare chance to acquire a substantial footprint in Newry City Centre with a very attractive tenant in place. Early viewing comes highly recommended.

Lease Details

Let to N & R GORDONS LTD having its registered office at 74 Scarva Road, Banbridge, Co Down Annual rent £22,000 + VAT per annum 10 year term from 1st August 2025 Fully repairing and insuring terms excluding the cost of repairing the roof, drains, sewers, gutters and downspouts which remains the responsibility of the landlord. Repair costs are recoverable by annual service charge save for roof, drains, sewers, gutters and downspouts as detailed. Upward and downward rent review at year 5. Rent is liable to VAT.

Solicitor

Fisher & Fisher Solicitors John Mitchel Place, Newry BT34 2BS

Listing

Part of vacant premises at number 11 is Listed B1 reference HB16/26/006

Rates

No vacant rates are currently liable. Tenant responsible for rates.

VAT

The building is registered for VAT. VAT may be liable, enquirors should consult their own advisors in this regard.