new developments > The Monaghan Newry |
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| Newry City is strategically located on the Belfast - Dublin corridor. With a growing population of approx 90,00 people, a large catchment area, substantial cross border business, excellent road links and a new railway station, Newry is recognised as one of the strongest business trading locations in Northern Ireland. Newry has developed a thriving centre that is an ideal place to live, socialise and shop. The Quays, Buttercrane Shopping Centre and Canal Court Hotel are just three highly successful major developments which are attracting more people to the City. |
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The Monaghan
The Monaghan site is approximately 0.5 acre and is situated in the City centre with frontage onto Monaghan St, Railway Avenue and Edward Street. The Canal Court Hotel, Newry Health Village, Southern Regional College are all nearby as are many retailers such as Dunnes Stores and Argos. Newry & Mourne Area Draft Plan 2015 identified this site as a development opportunity site. |
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Current Planning Permission
The site is ‘ready to go’ with the current approval (of mixed commercial and residential accommodation) to provide a landmark building in the centre location. The site currently benefits from full Planning Approval for 24,520 sq ft of commercial space, 53 apartments and 60 secure private car parking spaces (P/2006/0199). Copies of the plans are available on request. |
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Development options
The current approval provides 84,600 sq ft of internal space and creates quality accommodation that will command premium rental or sale values. However, the site could be redesigned and developed to meet specific requirements (subject to planning). The location and its close proximity to the new railway station, represents a rare opportunity to design a landmark retail, hotel or leisure development in the heart of Newry City.
Asking Price
Offers in excess of £3.25m for the whole site will be considered. The owners are also willing to consider a range of joint venture options.
VAT
All prices are quoted net of VAT which may be chargeable.
Title
The property is held freehold |
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The 4th Floor |
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The 3rd Floor |
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The 2nd Floor |
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The 1st Floor |
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The Ground floor (Street Level) |
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Basement Car Park with 60 spaces |
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