10 Marcus Square

Description
Newry occupies a strategic location between Belfast and Dublin, c. 37 miles south west of Belfast. The City has the benefit of excellent communication links due to its location on the main A1 Dual Carriageway which serves as the key link between Dublin and Belfast. The subject property is situated just off Hill Street, along a retail parade at Marcus Square. This area of Newry has long been the traditional main street of Newry and still benefits from an extensive footfall. Nearby occupiers include First Derivatives PLC, Fitzpatrick and Kearney Chartered Accountants, Danske Bank, First Trust Bank, Ulster Bank and a wide range of service and retail based businesses. This enviable location offers ease of access to a variety of nearby carparks, as well as the major road networks such as the M1 & M2.
Located in the very core of Newry's City Centre just off Hill Street, 10 Marcus Square is a prime retail unit situated on a busy retail strip alongside the Corn Dolly and McKeevers Chemist. Extending to c.1285 sq ft, this excellent space benefits from rear service access onto Lower Water Street.(Note: Tenant fitout and equipment not included)
TERMS:-Rent: £17,500Deposit: £4375Term: Negotiabe NAV:We are advised that the NAV is £13,000.Rate in £ (2020-2021): 0.51521Estimated Rates Payable 20/21: £6,697.73 per annum.The property should benefit from the Small Business Rates Relief Scheme, which would provide an occupier with a 20% reduction in rates payable. However; we recommend that you verify this with Land & Property Services.