UNIT 2 - MORELLI PLAZA, 57/58 THE PROMENADE, PORTSTEWART, L/Derry , BT55 7AF

Description

Location and Description
 
Rarely does an opportunity arise for retail letting along this central stretch of The Promenade in Portstewart, one of Northern Ireland’s best known and favoured holiday destinations, situated along the Causeway Coast benefiting from an annual influx of local and international tourists over the summer months.  
 
The shop itself is set within a modern building and benefits from generous frontage onto the street. Finishes include tiled floors, feature ceilings and integrated shop lighting, together with an existing store suitable for conversion to additional retail and toilet facilities.
 
Ideal for a wide range of retailers seeking to benefit from this excellent placement.      NB - Not available for lease as a café or restaurant.

Available late Summer 2008 and quietly on the market to maintain trade.
 
 
Accommodation
                  
                                               M²        SQ FT
          
Retail Area                              138.7             1,493
 
Current Store (possible retail)     70.1                748
 
WC facilities                                  -                          -
 
 
Frontage                                10.1m              34’ 10 Ft                  
 

ITZA      -                                                                 1,077

Lease Details
 
TERM:
10 years with rent review at 5^th year. Reviews to  the higher of Market Rental Value or RPI.
 
RENTAL:
£42,000 per annum exclusive.
                                               
INSURANCE:
Landlord to pay the annual building insurance and
 tenant to reimburse proportionally.
 
REPAIRS:
Tenants to maintain interior of building and signage.
 
 
NAV
 
We are advised by the Land and Property Services that the current NAV of the subject is £24,300.  The commercial rate in the pound for the Portstewart District for the current year is £0.500077. Estimated Rates Payable:  £12,150.
 

VAT
 
All prices, outgoings and rentals quoted are exclusive of, but may be liable to VAT.
 
 
Viewing
 
Strictly by appointment with:

O'Connor Kennedy Turtle
20 - 22 Stable Lane
Coleraine  BT52 1DQ
Tel:  028 7034 4244
Fax: 028 7034 4949
 
Contact:  
Henry Taggart           henry.taggart@okt.co.uk      
Tony O’Connor          tony.oconnor@okt.co.uk 

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