Monday 21 October 2019

Supermarket and filling station with a guide of €3.25m

A substantial modern supermarket and filling station in the busy Co Monaghan town of Carrickmacross has been brought to the market with a guide price of €3.25m.

The 12,000 sq ft convenience store and petrol forecourt serve, on average, more than 19,000 people each week.

Bannon has been appointed to handle the sale by Ken Fennell of insolvency specialists Kavanagh Fennell, receiver and Manager of Cloughvalley Stores Ltd.

Trading as Cloughvalley Stores, it is located on the main road north of Carrickmacross, 400m from the town centre and just 1km from the N2, making it the nearest filling station in the area to the N2 Dublin-Derry route.

The complex was completely redeveloped in 2005, it comes with a basement retail and mall area with a floor area of more than 267sqm (2,875 sq ft) as well as first-floor offices of 180sqm (1,900 sq ft) and basement storage in excess of 371sqm (4,000 sq ft).

Its two-acre site also accommodates a car wash and could provide an opportunity for further development.

The modern forecourt accommodates five twin-fuel islands plus a HGV filling station.

Cian McMorrow of Bannon says Cloughvalley Stores is trading exceptionally well and expects significant interest in the property from both supermarket multiples and from independent retailers.

"We have been involved in a number of recent transactions where there has been significant interest in similar trading businesses," he adds.

Irish Independent

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