38 Causeway Street, Portrush, BT56 8AD

FOR SALE
High Profile Retail Investment
(Business not Affected)

This long established property trading as a Shoe Shop occupies a prominent corner site on one of the main thoroughfares entering the seaside town of Portrush.
Portrush has re-established itself as Northern Irelands premier coastal tourist resort towns and has seen the development of a number of hotels to bolster the growing levels of tourism visits and spend.
Causeway Street leads into The Peninsula which makes up the town centre and is one of the busiest streets in the town that also allows for on street parking. Causeway Street is adjacent to the beautiful and busy East Strand.
Portrush is c. 60 miles north of Belfast, c. 47 miles from Belfast International Airport, c. 29 miles from City of Derry Airport and c. 52 miles from the Port of Larne.
Portrush is now perhaps most associated with Royal Portrush Golf Club the host of the 153rd Open Championship in 2025.
Portrush has a resident population of 6160 (2021 Census) but benefits from a large second holiday home population along with a strong visitor influx during the Spring and Summer months.

DESCRIPTION
The subject is a ground and part first floor end terrace property which is currently occupied by Cochranes Footwear. The upper floors are two separate and privately owned apartments accessed off Victoria Street.

TENANT
The property is occupied under a 5 year lease with Scullion Footwear Limited who are a well established local business. The property has been occupied as a shoe shop for forty plus years.

ACCOMODATION
Ground Floor
Retail and front display area – c. 116 Sq. M / 1250 Sq. Ft.
Rear Store – 32 Sq. M / 343 Sq. Ft.
First Floor
Kitchen – c. 6 Sq. M / 60 Sq. Ft. Built in units and cooking appliances.
Store – 13 Sq. M / 143 Sq. Ft.
Toilet – comprising Low Flus WC and Wash Hand Basin

SALES DETAILS
Sales Price – Offers Over £175,000
Title – Freehold
Existing Lease
Tenant – Scullion Footwear Limited
Passing Rent - £12,000 per annum
Term – 5 years expiring 3 January 2029
Break Clause – Tenant benefited from a Break Clause 3rd January 2026 which they did not exercise.
Repairs – Tenant responsible for internal and part of external repairs.
Rates – Landlord responsible for rates. NAV - £4,900 with estimated amount payable £2,293 as per 2025/2026.
VAT – the property is elected for VAT therefore there shall be VAT payable on the sale.
VIEWING – strictly by appointment with agent.