Smethwick service station brought to the market following 35 years of ownership
Specialist business property adviser, Christie & Co has brought to the market Shireland Road Service Station in Smethwick, in the West Midlands, north west of Birmingham city centre.
Occupying a corner plot on a busy road within a densely populated residential area, the service station comprises a canopy covered forecourt with four islands, eight pumps and a 16-nozzle layout. The convenience store on site is currently run by a commissioned operator but will be available with vacant possession upon completion, and there is also access to a three bay workshop, which is currently leased to another party and available by separate negotiation.
Shireland Road Service Station is currently owned by Chanco Garages Ltd, a family business owned by four brothers, who are now looking to retire.
Pradip Chandarana of Chanco Garages Ltd comments, “It was one cold winter's day in 1984, when we moved into Shireland Service Station, our first freehold service station. We bought it from the oil company, Mobil. It had four round mono pumps and was selling 2000 litres a week. We have had a few more sites since then and have sold them as the old age started creeping in.
“Now it is time to say goodbye to Shireland and hang up the boots for good. Our last service station was also sold by Steve Bell at Christie & Co, who did a very professional job and helped us with a smooth transaction, and I am sure it will be similar with Shireland. We hope new owners will be able to take it to the next level and our best wishes are with them.”
Stephen Bell, Senior Business Agent at Christie & Co is handling the sale and comments, “This is a great opportunity to acquire an underdeveloped site which has huge potential to increase trade. A new owner could run the site on an owner operator basis and build on the existing retail side of the business. Additionally, some investment into the site could reap fantastic returns for a buyer.”
Christie & Co is seeking an asking price of £350,000 for the freehold interest of Shireland Road Service Station.