Belfast Telegraph

£2.5m wanted for shopping complex in Cloughmills

Well-known shopping complex Logans in Co Antrim has gone on the market for the second time with an asking price of around £2.5m
Well-known shopping complex Logans in Co Antrim has gone on the market for the second time with an asking price of around £2.5m
Margaret Canning

By Margaret Canning

Well-known shopping complex Logans in Co Antrim has gone on the market for the second time with an asking price of around £2.5m.

Selling agents TDK said the Logan family was selling the Cloughmills complex - which covers about eight acres - although the businesses inside will not be affected by a sale.

The business had been run by couple Don and Joan Logan who have decided to sell up.

Logans Fashions, which specialises in wedding and luxury branded clothing, has been operated by a tenant for around 15 years. It will remain open after the sale of the premises.

The complex was put on the market last year but it failed to sell.

Logans Fashions had previously been the only retailer on the site, however, some years ago the building was knocked down and expanded into a shopping centre complex which now houses around 20 other businesses.

The eight-acre site has planning permission for further development.

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The new developments include a petrol service station, drive-thru fast food restaurant, car sales and a garden centre.

The 1.6 acre site identified for the additional developments has a separate access from the main complex.

The complex is on Frosses Road with around 18,000 vehicles going past every day.

Annual income is around £180,000, although if fully let that would reach £250,000, according to TDK.

The agency said: "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 food and beverage market for the drive-thru site, will allow the scheme to be further enhanced as a destination," it added.

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