Barry’s Amusements could be sold as development site
Having been on the market for more than a year without finding a suitable purchaser to carry on its original use as an amusement park, Barry’s could end up being sold for development.
In October 2019 Barry’s Amusements was listed for sale as a going concern in the hope someone could carry on the popular attraction that the Trufelli family had established in Portrush almost a century ago.
At the time the family said: “This is not a decision the family has taken lightly, especially given our 93-year trading history and follows significant and emotional consideration over a prolonged period.”
In a statement issued today by the Trufellis they said: “Since October 2019, the Trufelli family has sought to sell Barry’s Amusements as a going concern. This has been an intensive process which has been hindered by the Covid pandemic and the resulting economic conditions.
“As we return to a more favourable economic environment, our intention is to re-market the business for sale. Whilst our hope is that we will be able to sell the business as a going concern, we recognise that it may not be possible to find a suitable purchaser.
“As a result, we have appointed Savills and Philip Tweedie & Company to market the site as both a going concern and a development opportunity.”
They said Barry’s will not re-open until the sale process has concluded.
The 2.23-acre site is on the market with a guide price of £2,750,000.
Savills and Philip Tweedie & Company describes it as a “high-profile seafront site is situated in the heart of the town, between the newly renovated Portrush Train Station and The West Bay Beach”.
A feasibility study undertaken by Savills suggested the site could be developed for several uses, including a 120-bed hotel, 23 residential dwellings or a combination of both, in addition to leisure and recreational facilities.
Neal Morrison, Director, Savills Ireland said: “Portrush is one of the most stunning seaside locations in Ireland and the opportunity to acquire a site that fronts onto the beautiful West Strand beach is truly rare. We expect demand to be strong due to the potential that this site offers”
Philip Tweedie of joint agents Philip Tweedie & Company also commented: “This is in essence the last true seafront site available in Portrush town and should attract a high level of interest from a mix of entrepreneurs and property developers from far and wide.”