A prominent landmark building in the heart of Newry city has been listed for sale as an “investment opportunity”.
The building situated on Hill Street, overlooking the Newry Canal, is the current home of tenant AIB Group (UK) PLC, and is inviting offers in the region of £945,000.
The sales listing agent, Frazer Kidd, describes the building as being “purpose built” as a three-storey bank premises in 1903 by Alexander Whelan.
The building extends to circa 10,618 square feet and boasts both front and rear entrances.
The front entrance leads in from Hill Street and with the ” very impressive” rear entrance, benefitting from pedestrian and vehicular access, leading in from The Mall.
ATMs are located at both entrances to the building.
The upper floors comprise a mix of offices and staff facilities.
Within walking distance of The Old Creamery Retail Park and the Buttercrane and Quays shopping centres, this premises affords buyers a prime commercial opportunity.
The property will continue to be let to AIB Group until November 2029 with the client then being presented an option to renew their tenancy at the end of the lease term for a period of 20 years.