Inn On The Coast, 48-50 Ballyreagh Road, Portrush, Antrim, BT56 8LT

For Sale Offers Over £1,000,000 Convert to EUR

Key Information

Property Type: Hotel / Guest House / B Price: Offers Over £1,000,000 Convert to EUR
Bedrooms: - Offer Status: For Sale
Receptions: - EPC Rating: 56

For more information on this property call 028 9050 1501 or Email Agent

Contact the Agent

Lisney (Belfast)

1st Floor, Montgomery House, Belfast, BT1 4NX

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    Features of this property

    • INCOME PRODUCING HOTEL/LICENSED PREMISES WITH RESIDENTIAL DEVELOPMENT POTENTIAL

    Property Description

    Location

    Portrush is a scenic coastal resort located in the northernmost part of County Antrim on the renowned North Coast, c. 60 miles North of Belfast and c. 6 miles from Coleraine. 

    The area is a popular tourist destination benefitting from spectacular scenery with breathtaking views, sandy beaches and numerous historical landmarks, such as the Giant’s Causeway (UNESCO World Heritage Site), the Carrick-a-Rede Rope Bridge and the medieval Dunluce Castle. 

    As well as spectacular vistas, Portrush is home to a number of high profile annual events such as the North West 200 International Road Races and Airwaves Air Show. These events alone attract close to 200,000 visitors to Portrush. As well as this the town has an illustrious golfing heritage and is home to Royal Portrush Golf Club, where the 2012 Irish Open was played. Additionally Royal Portrush is due to host the Open Golf Championship in 2019, which will focus global interest on the town. 

    The Inn on the Coast is strategically located on the coastal route between Portrush and the neighbouring town of Portstewart, benefitting from views over the Atlantic Ocean towards Donegal. The property is immediately surrounded by a mix of residential properties and caravan parks as well as agricultural lands and another of Portrush’s golf courses.

     Description

    The property comprises 30 no. large en-suite bedrooms with bar and restaurant facilities, as well as generous on-site car parking to the rear. 

    Originally the property was a standalone Public House, however, in the early 2000’s the property was extended to provide the existing accommodation. 

    Since then there have been a number of refurbishment programmes undertaken, most recently to the bar and restaurant area, which provides accommodation for 74 covers. 

    Additionally there is a second restaurant area, which is currently used as a breakfast room and comprises 48 covers.

     Accomodation

    See table on brochure.

     License

    The premises benefits from a licence to sell intoxicating liquor, further information is available upon request.

    Contents

    A full inventory of the contents included in the sale can be made available upon request.

    Title

    We have been advised that there is a restriction over an element of the site, to use the land for the purpose of car parking or as a picnicking area only in connection with the public house. This may have an impact on future development of the site and any prospective purchaser should satisfy themselves with this, further information can be made available upon request.

    Tenancy

    The property is let on full repairing and insuring terms to Ballyreagh Ltd on the following terms: Current Rent: £62,500 (Subject to an annual increase of £2,500 excl.) Lease Expiry: 31 March 2020. 

    Planning

    Planning consent was granted under application no. C/2010/0546/F on 18th April 2012 for the replacement of the current premises with a residential development comprising 16 units in total.

    See table on brochure

    Proposal 

    We have been instructed to seek offers above £1,000,000 (One Million Pounds Sterling) exclusive of VAT.

    EPC 

    The property has an Energy Performance Rating of C56. A full certificate can be made available upon request.

    Rates

    We are advised by Land and Property Services of the following;

    NAV: £35,000

    Rate in the £: £0.568776

    Rates Payable (16/17): £19,907

    Capital Allowances

    Details on request.

     

    Location of Inn On The Coast, 48-50 Ballyreagh Road, Portrush

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    Contact the Agent

    Lisney (Belfast)

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