Lancashire filling station sold to expanding operator through Christie & Co
Specialist business property adviser, Christie & Co has completed on the sale of Mossdale Service Station, located on the A6, a busy main road near to Carnforth in Lancashire, to an expanding national group operator.
The filling station comprises an Esso branded forecourt alongside a convenience store trading under the Nisa banner.
Mossdale Service Station was previously run by the second generation of the Vincent family, who have owned the business since the 1980s. Current owners, Chris & Rob Vincent decided to sell in order to pursue other business interests within the caravan parks sector and comment, “After much deliberation we decided after 30 years that now was the right time for us to sell. Christie & Co were the obvious choice to help with this process and they managed to agree a price we were happy with as well as making the whole process a smooth one.”
The site has been purchased by the Ascona Group, a South West Wales based, multi-site petrol filling station operator, marking the group’s eighth forecourt, as part of its aim to build a portfolio of at least 50 service stations across the UK in the coming years. Duncan Morris, Property Director at Ascona Group comments, “Ascona are delighted to have completed on this high-profile site which further enhances our rapidly growing network. Christie & Co were instrumental in making this deal happen, and our thanks go to James Moore-Martin for his tireless work chasing the deal through.”
James Moore-Martin, Associate Director at Christie & Co handled the sale and comments, “It was a pleasure to assist the Vincent family in finding a new operator to take over operations at Mossdale Service Station. The well established business attracted significant interest from the market, resulting in multiple offers. As a result, we were able to negotiate an accepted offer for the vendor that included a significant premium in excess of the asking price.”
Christie & Co sought offers in excess of £2,000,000 for the freehold interest of Mossdale Service Station.