8/7/2017 | Retail

BP acquires busy forecourt in Great Torrington, North Devon

Specialist forecourt adviser, Christie & Co has successfully completed on the sale of Barley Grove Service Station in Torrington, North Devon.

The forecourt, located on the A386, has the benefit of excellent road links with direct access to Oakhampton and Bideford. The site is unopposed, with a good residential catchment providing additional footfall to the site. The forecourt was supplied by BP and Budgens, with the 2,500 sqft store having benefitted from an extension and extensive re-fit in 2014.

The owners Mr and Mrs Catt acquired Barley Grove Service Station over 20 years ago and have continually invested in the site during their ownership. This enabled both the store and fuel sales to grow significantly and provided a premium shopping experience for customers.

After a brief marketing process that attracted interest from the top 50 independent forecourt operators, BP successfully secured the forecourt for an undisclosed sum. BP will be transforming the Budgens convenience store into a BP Simply Food Store, adding to their existing estate in the South West.

Rodney Furnival of BP comments, “We are delighted with the acquisition of Barley Grove Service Station, continuing our expansion in the South West. The site will be closed for approximately six weeks in order for us to bring our BP M&S offer to customers in the local area.”

South West forecourt specialists, William Trott and David Morris of Christie & Co brokered the sale. David Morris adds, “We are delighted to have acted on behalf of Mr and Mrs Catt who are now looking forward to their retirement. The forecourt market remains buoyant across the UK with buyer appetite at an all time high.”