Petrol station in Norfolk acquired by experienced operator
Martin BP Filling Station & Spar Store on the A140 in Alby near Norwich has been sold to an existing operator through specialist business property adviser, Christie & Co.
Situated on approximately 1.5 acres, the modern filling station includes a 16 point service area with four pumps and separate Autogas and HGV diesel pumps, parking for 20 vehicles and a 800 sq ft Spar branded store, which has recently been fully refitted. Additionally, the business benefits from income generated by two separate lease agreements with the café and car wash businesses on site.
Previous owner, Mr Mohammed Majid purchased the filling station in 2009 and has significantly invested in the modernisation of the site. Mr Majid is now seeking retirement following over 40 years in the fuel industry.
The filling station has been acquired by Fuel Efficient Limited, which is operated by Mr Manickavasagan Sritharan. The site brings Mr Sritharan's portfolio to three sites across East Anglia, with the previous two also having been purchased through Christie & Co. Mr Sritharan plans to extend the trading hours to 24 hours.
Melvyn Eke, Associate Director at Christie & Co handled the sale and comments, "Having built a relationship with Mr Majid over the years, I am pleased to have assisted in his retirement from the fuel industry. The site has been purchased by a committed and experienced operator, who will no doubt continue to make a success of the business."
Martin BP Filling Station & Spar Store was sold off a guide price of £1,150,000.