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26 July 2017 | Retail

Park Garage Group acquires Bromley forecourt through Christie & Co

Tudor Autos, a BP branded petrol filling station in Bromley, Kent has been sold following a highly confidential marketing campaign by specialist business property adviser, Christie & Co.

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The fuel station and licensed store was sold to Bromley based forecourt operator Park Garage Group, which features at number seven in the Top 50 Indies.  The sale generated multiple offers in less than three weeks and sold well in excess of the guide price.

The previous owner, Tony Bhanot had been a BP operator for the past 35 years and after meeting Mark Kaluza of Christie & Co at a PRA group meeting, decided to take advantage of the market and fulfil his ambitions which had been on hold for a number of years. Tony comments, “I would like to compliment Mark and Christie & Co in the way the sale was handled confidentially and with ease.”

Mark Kaluza, Associate Director at Christie & Co commented, “This opportunity was presented to a specially selected list of 25 well known retailers as part of a discreet off market campaign. The speed of the sale and amount of interest it attracted demonstrates the continuing strength of the forecourt market as we move into the second half of 2017, particularly across the South East.”