4/16/2019 | Retail

Highly prominent A27 service stations sold through Christie & Co

Acting on behalf of Local Fuels, specialist business property adviser, Christie & Co has brokered the sale of Lewes Service Station and Newmarket Service Station, two well established East Sussex petrol stations, to expanding operator and Top 50 Indie, Rontec.

Situated on the busy A27 just outside Brighton, Lewes Service Station and Newmarket Service Station are ideally positioned, benefitting from high volumes of passing residential and commuter trade, as well as from those visiting local tourist attractions. Both service stations also feature large, modern convenience stores and present significant potential for further growth. 

Anthony Salvidge, Managing Director of Local Fuels comments, “We are delighted to have completed the sale of two of our sites near Lewes. Discretion was important so we wanted the process to be dealt with on an off-market basis. Jack Dudley at Christie & Co secured a buyer for us and expertly managed the process throughout, dealing with all of the points and queries that were raised during the sale. We would thoroughly recommend Jack and Christie & Co to anyone considering a sale of their site.”

Ranked third on the Forecourt Trader Top 50 Indies List, new owner, Rontec adds the two profitable service stations to their growing portfolio. David Davis comments on behalf of Rontec, “Rontec continues to acquire quality sites and work with vendors on a very confidential basis, as was the case for the two sites outside Brighton.” 

Jack Dudley, Senior Business Agent at Christie & Co comments, “I am very pleased to have concluded this sale on behalf of the vendors, Local Fuels. Acting on a confidential off-market basis, we targeted a select list of forecourt operators, which generated significant interest and ensured that we secured the best value possible for our clients. I wish Rontec all the very best with these sites and have no doubt that they will reach their full potential in no time at all.

“There is still a shortage of quality sites coming to the market in the South East and as such, the demand for petrol forecourts remains incredibly buoyant for both freehold and leasehold sites – we expect this to continue throughout 2019. Our extensive database of buyers and transactions makes Christie & Co the top choice for owners looking to achieve the best value for their sites.”