This mid terrace property on Main Street provides a retail unit (t/a Therapy) to the front and hostel which is accessed via double doors into a courtyard. The hostel provides a large reception area, kitchen, restaurant, conference room, lounge facilities, 20 no. ensuite bedrooms, Manager’s apartment and a walled garden. In it’s present form as a Youth Hostel there are 80 beds, some at mezzanine level and some bunk beds.

Accommodation

Ground Floor: Retail Unit (front) Reception, lounge, kitchens, conference room and ancillary accommodation, 1 no. ensuite bedroom, Managers kitchen and living room and a walled garden courtyard.

First & Second Floors: 7 no. ensuite bedrooms (front section), 12 no. ensuite bedrooms (rear section), Managers accommodation with 2 ensuite bedrooms.

Opportunity

This is a substantial property in the centre of the village located on the north coast of Antrim. The property comprises primarily the hostel complex but also the retail unit to the front is also included which will provide a new tenant to operate the entire property fronting Main Street. The hostel has been operating for many years providing affordable, budget accommodation for patrons. It is envisaged that the property will lend itself to a more commercial higher quality accommodation with food and beverage subject to the usual consents.

The landlord is seeking to relet the property to include the retail unit at the front as a whole or individually. We will consider other non-hospitality proposals for the opportunity also.

Expressions of Interest

We have been instructed by the landlord to invite Expressions of Interest for this leasehold opportunity in the hostel and retail unit as the current tenants are due to vacate later this year. Although we expect interest from hospitality operators in keeping with the current use of the property we will consider other proposals.

The deadline for submission of Expressions of Interest is Friday the 25th October for the attention of: Mark Carron (mark.carron@osborneking.com)

Proposals should include:

• Tenant details
• Proposal for building
• Finance details
• Lease proposal including rental figures

Any other details you wish to provide for our clients consideration.