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01 April 2020 | Retail

Acquisition of North East service station through Christie & Co

Leading business property adviser, Christie & Co, is delighted to announce the acquisition of Stannington Service Station in Morpeth, Northumberland.

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Christie & Co agents acted for a retained client Penny Petroleum and are delighted to announce the acquisition of Stannington Service Station, Stannington, Morpeth, Northumberland. Hot on the heels of another smaller acquisition of Gillens Filling Station in Hartlepool earlier in January. 

Working closely with David of Penny Petroleum Andrew Birnie knew David had been interested in this site for some time. It was a key strategic purchase to boost the firms existing strong presence on the A1 Southbound in addition to existing sites at Lindisfarne, Beal, Fairmoor in Morpeth and beyond now Stannington. This site is well located adjacent to the A1 and is busy with commuters travelling from towns such as Bedlington and Morpeth to the A1 Southbound. The service station requires modernisation and offers an excellent opportunity for this large group to improve the shop offering for local residents and regular customers.

Andrew Birnie, Director at Christie & Co comments, “I have been selling forecourts from Northumberland to Yorkshire for over 10 years and always wanted to sell this site in Stannington. I have used it as a customer for many years with it being in my home region and could see great potential for a new owner.

“I knew David (Penny) was keen on adding the forecourt to his company site list and we had previously worked with him and the owner of Stannington on the acquisition of another site at Bebside in Northumberland. It took some time to persuade John the owner to let go of this site, knowing the standard of Penny Petroleum sites, and I am sure Stannington will benefit from a boost of new ideas and investment with a shop refit and likely a full range of convenience and alcohol products to follow. This will make it a more pleasant place for staff to work and improve the customer experience. I wish David good luck with the future of the site and thank John for agreeing to work with us on the deal.”


For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Executive
P: 020 7448 8849 or E: phoebe.burrows@christie.com
 
Contact the agent:
Andrew Birnie, Director
P: 07734 553 272 or E: andrew.birnie@christie.com
 
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