Commercial
27 - 29 Eglinton Street
Portrush, BT56 8DX
Price on Application
- Status For Sale
- Property Type Commercial
- Interior Area 2225 sqft
Key Features & Description
PRIME CENTRAL PORTRUSH LOCATION
ESTABLISHED COMMERCIAL INVESTMENT
LET TO ESTABLISHED NATIONAL BRAND - DOMINO'S PIZZA
£38,000 PER ANNUM RENT
APPROX 2,225 SQ FT
SUBSTANTIAL GROUND FLOOR PREMISES
WIDE EGLINTON STREET FRONTAGE
REAR ACCESS TO PROPERTY
2028/29 TENANT BREAK OPTION
RECOGNISED NATIONAL OPERATOR
Description
Homepage Estate Agents are delighted to bring to the market this established commercial investment at 27-29 Eglinton Street, Portrush, occupying a prime position in the heart of one of Northern Ireland´s most prominent and internationally recognised coastal destinations.
Extending to approximately 2,225 sq ft (206.77 sq m), the property provides substantial ground floor commercial accommodation across a wide street frontage, together with the benefit of access to the rear.
The premises comprise two former units which now operate as a single commercial property and are currently occupied by Domino´s Pizza. Producing a current rental income of £38,000 per annum, the property offers investors the opportunity to acquire an established income producing asset occupied by a recognised national operator.
Located in the heart of Portrush, the property benefits from immediate access to the town´s extensive retail, hospitality, leisure and tourism offering. Portrush is firmly established as one of Northern Ireland´s premier coastal destinations, attracting significant visitor numbers throughout the year and enjoying an international profile as a renowned tourism and golfing destination.
The combination of its central location, prominent frontage, established occupation and current rental income makes this an attractive commercial investment opportunity.
Homepage Estate Agents are delighted to bring to the market this established commercial investment at 27-29 Eglinton Street, Portrush, occupying a prime position in the heart of one of Northern Ireland´s most prominent and internationally recognised coastal destinations.
Extending to approximately 2,225 sq ft (206.77 sq m), the property provides substantial ground floor commercial accommodation across a wide street frontage, together with the benefit of access to the rear.
The premises comprise two former units which now operate as a single commercial property and are currently occupied by Domino´s Pizza. Producing a current rental income of £38,000 per annum, the property offers investors the opportunity to acquire an established income producing asset occupied by a recognised national operator.
Located in the heart of Portrush, the property benefits from immediate access to the town´s extensive retail, hospitality, leisure and tourism offering. Portrush is firmly established as one of Northern Ireland´s premier coastal destinations, attracting significant visitor numbers throughout the year and enjoying an international profile as a renowned tourism and golfing destination.
The combination of its central location, prominent frontage, established occupation and current rental income makes this an attractive commercial investment opportunity.
Rooms
LEASE DETAILS
The property is currently let to Domino´s Pizza under a 20 year lease commencing 13 February 2018, producing a current rental income of £38,000 per annum plus VAT if applicable.
The lease provides for an open market rent review every fifth year. The tenant has an option to terminate the lease during the period 13 February 2028 to 12 February 2029, subject to the relevant lease conditions and notice requirements.
An option is also provided for the tenant to extend the lease for a further 20 year period from February 2038.
LEASE COMMENCEMENT: 13 February 2018
LEASE TERM: 20 Years
CURRENT RENT: £38,000 per annum plus VAT if applicable
RENT REVIEW: Open market every fifth year
TENANT BREAK OPTION: 13 February 2028 - 12 February 2029, subject to lease conditions and notice requirements
LEASE EXTENSION: Option for a further 20 years from February 2038
The lease provides for an open market rent review every fifth year. The tenant has an option to terminate the lease during the period 13 February 2028 to 12 February 2029, subject to the relevant lease conditions and notice requirements.
An option is also provided for the tenant to extend the lease for a further 20 year period from February 2038.
LEASE COMMENCEMENT: 13 February 2018
LEASE TERM: 20 Years
CURRENT RENT: £38,000 per annum plus VAT if applicable
RENT REVIEW: Open market every fifth year
TENANT BREAK OPTION: 13 February 2028 - 12 February 2029, subject to lease conditions and notice requirements
LEASE EXTENSION: Option for a further 20 years from February 2038
ACCOMMODATION
Approximately 206.77 sq m (2,225 sq ft).
All areas and measurements are approximate and provided for guidance purposes only. Prospective purchasers should satisfy themselves as to the accuracy of same.
All areas and measurements are approximate and provided for guidance purposes only. Prospective purchasers should satisfy themselves as to the accuracy of same.
RATES
NET ANNUAL VALUE: £20,200
EST RATES PAYABLE (2025/26) £12,220
Prospective purchasers are advised to make their own enquiries with Land & Property Services regarding the current rates payable.
EST RATES PAYABLE (2025/26) £12,220
Prospective purchasers are advised to make their own enquiries with Land & Property Services regarding the current rates payable.
NOTES
The information contained within these particulars is provided for guidance purposes only and does not form part of any offer or contract. Areas, measurements and distances are approximate. Prospective purchasers should satisfy themselves by inspection or otherwise as to the accuracy of the information provided and should obtain independent professional and legal advice where appropriate.
No representation is made regarding the condition of the property, services, equipment, planning permissions, building regulations or other statutory consents, and prospective purchasers should make their own enquiries in relation to same.
Investment information, including the lease terms, rental income and tenant break provisions, should be verified by the purchaser´s solicitor against the occupational lease and title documentation prior to purchase.
No representation is made regarding the condition of the property, services, equipment, planning permissions, building regulations or other statutory consents, and prospective purchasers should make their own enquiries in relation to same.
Investment information, including the lease terms, rental income and tenant break provisions, should be verified by the purchaser´s solicitor against the occupational lease and title documentation prior to purchase.
TITLE
We have not inspected the title documentation. Prospective purchasers and their legal advisers should satisfy themselves regarding the tenure, title and all associated matters prior to purchase.
VAT
VAT may be applicable to the sale. Prospective purchasers should satisfy themselves as to the VAT position and seek appropriate professional advice where required.
VIEWINGS
As the premises are currently occupied and actively trading, all enquiries and viewings should be directed through Homepage Estate Agents, with viewings arranged by prior appointment at a mutually convenient time.
Make enquiries to :
PHONE : 028 7087 8084
EMAIL : info@homepageonline.co.uk
Make enquiries to :
PHONE : 028 7087 8084
EMAIL : info@homepageonline.co.uk
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27 - 29 Eglinton Street, Portrush, BT56 8DX
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