Sale of two high turnover petrol filling stations in Scotland's central belt completes through Christie & Co
Specialist business property adviser, Christie & Co has completed on ‘Project Squash’, the sale of two high turnover petrol filling stations in the Central Belt of Scotland.
The two modern, busy sites: BP Service Station in Bathgate and Seven Sisters Service Station in Thornliebank, have been well-invested and maintained by the previous owner, John Somerville and came to market as he felt the time was right with the current market conditions.
The new owners, who wish to remain private, are established forecourt operators from England who were looking to expand into Scotland.
Previous owner, John Sommerville comments, “It was an easy choice to partner with Christie & Co when we decided to sell. Their dedication and professionalism was evident throughout the process and made what was a complex deal as smooth as possible. Both sites offer fantastic scope for further development with the plans we have put in place to take them both forward and further increase sales and profit and we wish the new owners all the best.”
Mark Lavery, Associate Director – Retail who brokered the deal also comments, “It was a pleasure to act for John on this multi-site transaction, which reflects the growing market in Scotland for good quality, high turnover forecourt sites. Demand is outstripping supply for modern, large footprint sites with further development potential, so we highly recommend getting in touch if you’re considering selling.”
The sale was conducted off-market and was sold for an undisclosed sum.
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Manager
P: 020 7227 0794 or E: bronte.hughes@christie.com
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