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20 April 2020 | Retail

Kent based Gulf petrol station and Bargain Booze site sold by Christie & Co

Specialist business property adviser, Christie & Co, is pleased to announce the sale of the Gulf petrol filling station and adjoining Bargain Booze store in Ramsgate, Kent.

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The site, situated on a busy main high street in St Lawrence, Ramsgate, comprises a Gulf petrol filling station with an on-site 24-hour Bargain Booze off-licence and convenience store which sells discounted beer, wine and spirits, along with some snacks and groceries. The location of the site lends itself to a heavy footfall and historically healthy petroleum sales, and thus is an excellent opportunity for a new owner to continue to grow the business and build on the established trade.

The site was previously owned for over 50 years by the Morrison family, who have decided to sell in order to pursue other business interests. Mr Morrison comments on the sale, “We were very happy with the service provided by Jack Dudley at Christie & Co in achieving a sale on this site and wish LSA Oil every success for the future”

A representative of LSA Oil Ltd, who purchased the site through Christie & Co earlier this year, comments, “We are very pleased with the acquisition of the St Lawrence Ramsgate outlet in Kent, which is needed for LSA Oil’s synergy to work within our group, increasing our total outlets to six. The St Lawrence Ramsgate outlet is in a fabulous location and we have already made arrangements to bring in a leading branded outlet with a fresh refitted/refurbished facility to provide better quality and a wider range of products and services at affordable prices to the local community and commuters in Ramsgate.”

Steve Rodell, Managing Director of Retail at Christie & Co, comments, “We said at the start of the year that petrol stations will remain relevant for the foreseeable future. The demand we continue to experience for well-located properties like this illustrates this point clearly.  A number of deals also remain on track despite the Covid-19 ‘lockdown’ and we look forward to being able to move freely again”.   

Offers were invited at an asking price of £1.65 million for the freehold interest. 
 
 
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:
Tom Glanvill, Associate Director (Retail)               
P: +44 1962 833 803 or E: tom.glanvill@christie.com
 
Stuart Pawelczyk, Director at Christie Finance 
P: 0121 452 3701 or E: Stuart.Pawelczyk@christiefinance.com
 
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