Newry’s Carnbane East Industrial Estate Listed for £2.8 Million

A prominent section of the Carnbane East Industrial Estate in Newry has been put up for sale, with an asking price of £2.8 million. This industrial complex, known as one of Newry’s busiest commercial hubs, is located just two miles from the city centre and features ten units situated off Carnbane Way. The estate is currently fully let, generating an impressive annual rental income of £186,385.75.

The estate hosts a diverse and established tenant roster, including well-known names such as Screwfix, Bassetts, Fyfes, Johnstone’s Decorating Centre, and PTS. The listing is being managed by McKibbin Commercial, which has described the property as an “attractive commercial investment opportunity.” The location is noted for its excellent connectivity to major cities like Belfast and Dublin, accessible by both road and rail.

According to McKibbin Commercial, the estate’s cross-border appeal and sustained demand from occupants underscore its value. The firm characterizes the site as a “hub for trade counter, distribution and showroom operators,” indicating a strong potential for future growth in the area.

Investment Potential and Property Features

Offers are being invited in excess of £2.8 million, which reflects a net initial yield of approximately 6.42% after purchaser costs. The estate is described as a modern and well-established business park, featuring a prominent roadside frontage. It has been subdivided into five showroom and trade counter units, all currently occupied by established tenants.

Each unit benefits from modern construction, open-plan layouts, robust servicing arrangements, and customer parking. The property’s design and tenant mix are highlighted as factors that create a well-balanced and income-secure investment asset.

The ongoing trading activities of the businesses within the centre are expected to remain unaffected by the sale of the property, ensuring stability for both tenants and potential investors. This aspect further enhances the appeal of the Carnbane East Industrial Estate as a solid investment opportunity.

As interest in commercial real estate continues to grow, the availability of this estate presents a unique chance for investors looking to capitalize on Newry’s vibrant industrial market.