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Unit 2, Commercial Restaurant Unit, Kingsway Arcade, Monaghan Street, Newry BT35 6AA

£18,000 / year

Key Information

Commercial Property
Available From Now

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What's your property really worth?

Our qualified valuation experts at Bradley NI would love to visit your property and give you a free initial valuation, along with some helpful advice to make the most of your investment.

Additional Information

ADDITIONAL INFROMATION
DESCRIPTION
Located on Monaghan Street, the vibrant hub of Newry's dining scene, this property presents an outstanding opportunity for an aspiring restaurant or takeaway owner. Renowned as the city's main food street, Monaghan Street attracts a high volume of foot traffic, especially during peak lunch, dinner, and weekend times and a consistent flow of potential customers.

This unique property offers a fantastic opportunity for a variety of businesses. Formerly operating as a bustling restaurant, the space is well-equipped and adaptable, making it suitable for a wide range of uses. Located in a high-visibility area with ample foot traffic and easy access to major roadways, this property boasts excellent exposure and accessibility.

The property features an open floor plan with a flexible layout, including a spacious main area that can easily be reconfigured to suit your specific needs. Large windows provide plenty of natural light, while high ceilings create an airy and inviting atmosphere. The existing kitchen infrastructure, including utility connections, ventilation, and plumbing, offers a head start for culinary ventures, food production, or other industries. This property is high adaptable and would be suitable for a variety of uses

The property features large street-facing windows that allow your business to be easily seen by passersby. This strategic location benefits from heavy foot traffic, connecting shoppers, locals, and visitors traveling to Newry’s bustling retail and business areas.
SPECIFICATION
The premises includes the following specification:

- Open Plan Kitchen/ Seating Area
- W.C.
- Electric roller shutter door
- Purpose built shelving
- Preparation room
- 1st Floor Storage/Preparation Area
- Suitable for a variety of uses
TERMS
Rent: £18,000 Per Annum
Deposit: 3 Month equivalent

Term: Negotiable
RATEABLE VALUE
We are advised that the NAV is £6,980.00

Rate in £ (2022-2023): 0.51521

Estimated Rates Payable 22/23: £3,190.00 per annum.

The annual rate calculation shows full annual rates for the current rating year (April to March). It does not include any reductions for rate reliefs, exemptions, or exclusions, or any emergency measures introduced to assist those impacted by COVID-19.
VIEWING DETAILS/ FURTHER INFORMATION
For further information or to arrange a viewing, please contact:

Stephen Gray, Commercial Manager
T: 028 300 50633 E: stephen.gray@bradleyni.com

These particulars are issued by Bradley Estates NI Ltd on the understanding that any negotiations relating to the property are conducted through them. Whilst every care is taken in preparing them, Bradley Estates NI Ltd for themselves and for the vendor/lessor whose agents they are, give notice that:- (i) the particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract, (ii) any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access or any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness, (iii) neither Bradley Estates NI Ltd, nor any of their employees have any authority to make any or give any representation or warranty in relation to the property. Note: All plans and photographs are for identification purposes only. Subject to contract.

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