DUE TO RELOCATION - Agreed
TO LET (BY WAY OF ASSIGNMENT)

UNIT 14, BUTTERCRANE CENTRE
NEWRY.

C.99.38 M² (1,016 FT²)

• The Buttercrane Centre is a well established shopping mall, situated within Newry City Centre. Anchored by Marks & Spencers, with other well known retailers.
• Newry City is situated approximately 40 miles south of Belfast on the main Belfast Dublin corridor, with a population in the region of 83,000 people with a large catchment area.
• The premises are finished to a high specification and are available for occupation with minimal ingoing expenditure.

ACCOMMODATION Internal Frontage approx 6.35m²(21ft²)

Sales Area
With changing rooms approx 84.66m²(911 ft²)
Store/Kitchen approx 9.87m²(106ft²)
WC

LEASE DETAILS Term:
15 years from 1st May 2001

Rental:
£55,000 per annum, exclusive.

Rent Reviews:
1st May 2006.
1st May 2011.

Repairs:
Tenant responsible for internal repairs.

Service Charge:
A service charge is levied to cover a proportionate
Part of the Landlord's outgoings to include repairs,
Maintenance, management fee, insurance etc,
Currently £6,225.48 per annum exclusive.

RATEABLE VALUE We are verbally advised by the Valuation & Lands
Agency that the Rateable Value of the property is £51,200.

Rate in £ for 2003/04 = £0.4213.
(Rates payable 2003/04 = £16,300)

VAT The premises are registered for Value Added Tax.

AVAILABILITY On completion of legal formalities.

VIEWING Strictly by appointment with:
P M McGIBBON & COMPANY
445 LISBURN ROAD
BELFAST
TEL 02890 682444
FAX 02890 687322
E-MAIL peter@pmmcgibbon.co.uk

AS STAFF ARE UNAWARE OF DISPOSAL.