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9-11 Sugar Island 8,900 sq ft 100% Let Retail Property Newry BT35 6HT £460,000 (£51.69/sq ft)



Investment Highlights
- Part of Ground Floor 9-11 Sugar Island Let to Gordons at a passing rent of £22,000 + VAT p.a.x
- Excellent opportunity for vacant parts to be converted to apartments (subject to planning)
- 10 year lease from 1st August 2025 with 5 year rent review
- Approximately 8,900 sq. ft of space in total. Arranged over 3 floors with 3 main entrances on to Sugar Island
- Longstanding tenant with excellent reputation
- Newly built rear store included in lease to Gordons
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
8,900 sq ft
Costar Property Class
C
Year Built
1890
Price
£460,000
Price per sq ft
£51.69
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
1.86
Total Plot Size
0.11 ac
Frontage
81 ft on Sugar Island
Amenities
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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9-11 Sugar Island
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