North coast holiday complex for sale
An award-winning holiday apartment complex based along the scenic Causeway Coast has hit the market.
Ballygally Holiday Apartments come with planning permission to build an extra four apartments suitable for providing accommodation for 16 people.
The established business on the Co Antrim coast has been run by the same family for over 20 years.
The four star apartments overlook Ballygally Bay and are within travelling distance of all major airports and ferry ports.
The site’s location makes it an ideal base from which to explore the Glens of Antrim, Giant’s Causeway, the Gobbins Cliff Path and Belfast.
Islandmagee, Ballygally Castle, Glenarm Castle, Belfast Zoo and Carrickfergus Castle are also all in close proximity.
Estate agent Mark Patterson said: “Each of the seven large luxury holiday apartments are in excellent condition and enjoy uninterrupted sea views over Ballygally Bay and the Glens of Antrim.
“The apartments have been renovated around 15 years ago and are in good condition. It’s a successful business and has been beautifully maintained but there is scope to improve it further still through building the additional four apartments and additional publicity.
“The business has been steadily increasing its turnover year-on-year.
“The reason it is for sale is due to retirement. The couple behind it initially started it as a hobby and it has grown and grown until it has become what it is now.
“Now they have decided the time has come for them to pass it on to another family who will hopefully love the business and cherish the area as much as they do.”
In peak season the apartments had been fetching up to £695 a week, Mr Patterson said.
Its awards include British Airways Best Self Catering Establishment, and it’s been winner of Excellence in Tourism in the Larne Business Awards on two occasions. It has also secured a four star quality rating from Tourism Northern Ireland.
The business has increased its turnover in each of the last three years, turning over more than £86,000 annually, Mr Patterson said.
The apartments are between Larne and Glenarm on a 3.78 acre site. The buildings have a rateable value of £100,000.
Mr Patterson added that the accommodation appealed to all markets in the thriving Northern Ireland tourism industry, including family holidays, weekend or mid week escapes, golfing breaks, outdoor pursuits and ‘go as you please’ touring.
The development includes two car parks, a picnic area and rooms with sea views.
It also includes a two-bedroom manager’s apartment.