Features
- PRIME OCEAN FACING RETAIL OUTLET
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.
NAVWe 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.
VATAll prices, outgoings and rentals quoted are exclusive of, but may be liable to VAT.
Viewing Strictly by appointment with AGENTS:
Contact:
Henry Taggart (henry.taggart@okt.co.uk)
Tony O’Connor (tony.oconnor@okt.co.uk)
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