The Logan’s Complex, Cloughmills

Retail Space · For Sale
50,000 sq. ft. of retail space
8 acre site with excellent road frontage
Gross income circa £180,000 per annum
FPP for petrol station and shop, also FPP for drive thru restaurant

Details

The scheme has excellent road frontage of approximately 250 metres onto the busy A26 / Frosses Road. At present the complex offers almost 50,000 sq. ft of enclosed retail space split over a number of units, easily accessible from the excellent free on-site car park.
The complex is split into two main buildings. The largest measures approximately 39,000 sq. ft. split over two floors, with a number of units ranging in size and accessed off a shared mall. This area is occupied by independent boutiques with a popular restaurant catering for visitors on the 1st floor.
There are a number of larger external units on the ground floor, which have own door access and are currently used as a wholesaler and a pet shop.
The second building sits directly opposite and measures approximately 10,400 sq. ft. split into a number of units. Occupiers currently include a gym operator, hot tub spa showroom and office associated with the car sales.

Adjacent to this building is a large external area which is demised to a car sales operator.

In addition, there was a garden centre which is now vacant.

 

 

Price on Application.

All prices, rentals and outgoings are quoted net of VAT which may be chargeable.

Stephen Deyermond
Tel: 028 9089 4065
Mobile: 07968727196
Email: stephen.deyermond@tdkproperty.com

Mark Thallon
Tel: 028 9089 4066
Mobile: 07802 520008
Email: mark.thallon@tdkproperty.com

Connor James
Tel: 028 9089 4061
Mobile: 07341 866173
Email: connor.james@tdkproperty.com

FUTURE DEVELOPMENT 

With the existing planning and previous uses on the site, we consider that there is the potential for significant future development and asset management opportunities on the 8 acres.

The Logan’s Complex has excellent frontage on to the busy A26/Frosses Road, which carries and estimated 22,000 cars a day.
The A26 is a major commuter road which carries the majority of the traffic to the North Coast, one of Northern Ireland’s major tourist destinations.
The A26 also provides excellent local access to Ballymoney, Ballymena and Coleraine, the 3 largest towns in the immediate vicinity. The road has recently undergone a major upgrade.

A copy of the relevant EPC certificates can be made available on request.

The property currently produces a gross annual income of £179,989 per annum and if fully let this could increase to approximately £250,000 per annum.
Tenants are responsible for payment of rates associated with their individual units.
Further details of the income and outgoings associated with the complex can be provided to interested parties.

Full planning has been granted for the construction of a petrol filling station with associated retail unit and a separate drive thru restaurant unit.
Planning was granted under application LA01/2016/0623/RM. This site has a self-contained access and measures 1.6 acres, it can be developed in isolation from the complex.
The profile of this site and high volume of passing traffic is expected to generate strong interest from fuel and convenience operators. Combined with the anticipated demand from the F&B market for the drive thru site, will allow the scheme to be further enhanced as a destination.

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