2/4/2021 | Retail

Christie & Co secure new lease for Manchester service station with enviable trading position

Specialist business property advisor, Christie & Co has completed on the leasehold sale of Partington Service Station, a previously Essar-branded forecourt in the bustling town of Partington, Greater Manchester.

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Partington Service Station enjoys an enviable trading position as the only forecourt within the densely populated residential area of Partington, and benefits from a highly visible position along Smithy Lane, which runs off the busy Manchester New Road. In addition, Partington Shopping Centre and a strip of local retail stores are located next door.

The sale was a rare opportunity for a purchaser to acquire an unopposed local forecourt and convenience store, with significant growth potential, on a new lease basis. As such, Christie & Co received a high level of interest from prospective buyers looking to snap up the attractive forecourt asset.

The new lease has been secured by Saqib Javaid who is in the process of rebranding the forecourt to the Murco brand and plans on rebranding the convenience store to the Londis symbol group. Saqib is excited to complete the works and hopes to be a large part of the local community for years to come.

James Moore-Martin, Director in Christie & Co’s Retail team secured the new lease and comments, “I am extremely delighted for the landlord of the site Sohel Patel, as we secured a new long-term lease to an experienced and well invested new tenant who plans on fully renovating the site. We received interest and offers from an abundance of different parties from across the UK and after carefully vetting all parties and discussing their potential plans for the site, we agreed a deal to Saqib who is already in the midst of significant works on site.”

The vendor Sohel Patel adds, "James was very efficient and handled the sale very swiftly and promptly. The process with Christie & Co was seamless and one I would recommend to anyone at any time.” 
 

 
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 7227 0794 or E: bronte.hughes@christie.com
 
Contact the agent:
James Moore-Martin, Director – Retail   
P: +44 (0) 7764 241 288
E: James.moore-martin@christie.com