1/1a Railway Street,

Features

• Redevelopment Opportunity
• With the benefit of Short Term Rental Income
• c. 1.1 acres

The property comprises a former red brick Victorian Railway station building, built in c. 1905. With a central three storey tower between two single storey pitched roof properties, one of which was a former public house. The tower has a B1 Listing.

To the rear the property has been extended providing a large modern single storey extension with a pitched cladded roof over. Service access to the property is via the rear car park. Internally the property is occupied by Lidl and fitted to their standard design.

The property benefits from its own secure car parking providing spaces for approximately 65 cars on a site of c. 1.1 acres.

Existing Lease
Leased to Lidl Northern Ireland GmbH at a passing rent of £105,000 per annum, expiring on 1st November 2025. Full details on request.

Planning
There are no active planning applications on the property/site. The property sits within the town centre and settlement limit set out in the Ards and North Down Area Plan 2015, Map No. 3/004a - Newcastle.

Listing Details
Only the tower at the former railway station has a B1 Listing according to the Historic Environment Division of the Department for Communities. Full details on request.

Sale Details
We have been instructed to seek offers over £1,950,000 exclusive.

EPC - D99

Directions

The property is located c. 30 miles from Belfast, via the A24 through Clough to
Newcastle. Newcastle is a popular seaside town in Northern Ireland, dominated by thriving leisure and tourism economy. The town has a population of c. 8,298 (2021 census), and is well known for the Mourne Mountains and one of the world's top rated golf courses, Royal County Down. Situated on Railway Street, adjacent to Newcastle Bus Station, Slieve Donard Hotel and a short walk from the town centre and promenade.