New build office and retail development to let in Newry
A NEW office and retail development on the edge of Newry city centre is available for let and will be ready for occupation soon after Christmas, according to commercial property agents Lisney.
The mixed-use scheme at 30 Monaghan Street provides 16,558 sq ft of space across two floors, as well as dedicated on-site car parking.
The development is in one of the most historic parts of the city and is being built on a site which, for more than a century, was home to a spinning mill and part of the old Newry to Greenore railway line.
Supermarket chain Iceland has already committed to taking around 9,805 sq ft of space on the ground and first floors of the building
Further ground floor retail accommodation of 1,525 sq ft remains available, which presents the option to link into 5,228 sq ft of first floor accommodation, while office units range between 1,430 and 5,228 sq ft, depending on requirements.
Andrew Knox from Lisney said the development offered full flexibility to prospective tenants.
“This new scheme will provide a high degree of flexibility depending on the needs of occupants,” he said.
“In terms of the office accommodation on the first floor, this can be sub-divided into two self-contained suites of around 1,430 and 3,798 sq ft, or in its entirety of 5,228 sq ft.
“Similarly, the remaining ground floor retail space can be linked to additional space on the first floor should a larger unit be required.
“Throughout the development process there will be an opportunity to engage with the developer, who will be willing to consider providing a bespoke fit-out for an incoming tenant, subject to the agreement of satisfactory lease terms.”
Construction is now well under way with the buildings steel frame erected. Completion of the building is due before the end of the year, ready for occupation in early 2018.
The Monaghan Street area has benefitted from a significant revival in recent years and is now considered the commercial hub of the city in terms of retail and office activity.
The area also acts as a direct conduit between other central areas of Newry and the flourishing Southern Regional College.