By Claire Cartmill

Copyright newsletter

A significant portion of ‘one of Newry’s busiest commercial hubs’, Carnbane East Industrial Estate, has been listed for sale as a going concern with an asking price of over £2.8 million. Situated just two miles from Newry city centre, the 10-unit complex is located off Carnbane Way, in the heart of a thriving industrial zone. The fully let property currently generates an annual rental income of £186,385.75 and boasts a strong tenant line-up including Screwfix, Bassetts, Fyfes, Johnstone’s Decorating Centre, and PTS. Marketed by McKibbin Commercial, the estate comprises five showroom and trade counter units and is being promoted as a “attractive commercial investment opportunity” with excellent connectivity to both Belfast and Dublin via road and rail. The agent highlights the estate’s cross-border appeal and sustained occupier demand, describing it as a “hub for trade counter, distribution and showroom operators” in the region. Offers in excess of £2.8 million are being invited, reflecting a net initial yield of approximately 6.42% after purchaser costs. The description added: “ The subject comprises a modern and well-established business park positioned on a prominent roadside frontage. The scheme has been sub-divided into five showroom/trade counter units, all occupied by established tenants. “Units benefit from modern construction, open-plan layouts, excellent servicing arrangements, and customer parking. The property’s design and tenant mix create a well-balanced and income-secure investment asset.” It is understood the trading businesses within the centre will be unaffected by the sale of the property.