27-29 Eglinton Street, Portrush, County Antrim, BT56 8DX

Offers Over

£500,000

Typical Mortgage

per month

Investment

Contact Osborne King

Is this your property?

Attract more buyers by upgrading your listing.

Description & Features

Fast Food Investment
c. 2,225 sq ft (206.77 sq m)

The property comprises a double fronted ground floor retail unit which forms part of a larger development. The unit is regular in shape and was formed by the amalgamation of two separate units. The property is fully let, trading as Domino’s Pizza and fitted out to their corporate specification.

Ground Floor Retail Unit - 2,225 sq ft (206.77 sq m)

Title
We have not had sight of the Title but assume that the property is held in Long Leasehold.

Sale Details
We have been instructed to seek offers in excess of £500,000 exclusive.

Lease Details
Tenant: DP Realty Limited t/a Domino’s.
Term: 20 years from 13 February 2018.
Rental: £35,000 per annum plus VAT if applicable.
Rent Review: Open market review every 5th year. Please note that the February 2023 rent review remains outstanding.
Option to Terminate: The tenant has the option to terminate the lease between 13 February 2028 and 12 February 2029 upon giving no less than 3 months prior written notice.
Lease Extension: The tenant has the option to extend the period of the lease for a further 20 years from 13 February 2038.

EPC - D88

Location of 27-29 Eglinton Street

Portrush is a well known and popular tourist destination on the North Coast approximately 60 miles from Belfast and 35 miles north east of Londonderry. The town hosts a range of popular hospitality uses including a number of well known bars, restaurants and cafes. Situated in a prominent position within the town centre with rear access from Eglinton Lane. Surrounding occupiers include Spar, Maud’s, The Original Factory Shop and Curry’s Fun Park.

Expand