4/25/2018 | Retail

Two successful petrol filling stations in the North West sold

Specialist business property adviser, Christie & Co has successfully completed the sale of two petrol filling stations located in the North West of England, Rossendale Service Station and Newland Garage.

Rossendale Service Station, a high turnover Shell branded filling station situated between the popular and rapidly developing towns of Rossendale and Waterfoot, has been acquired by SLR Garages, marking the Southern based company’s first acquisition. SLR Garages looks forward to start trading immediately and maximising the opportunities presented by the site’s excellent condition. 

Denver Rajatnam, Director of SLR Garages comments, “We are delighted at the recent exchange of Rossendale Service Station and we would like to give special thanks to James Moore-Martin at Christie & Co. James has been our main point of contact and has worked tirelessly to ensure the transaction completed smoothly. James has set new standards as a commercial agent and we hope that SLR Garages will continue to work with Christie & Co to continue to expand our business.”

The previous owner, Mohammad Arshad, reluctantly sold to focus on other business interests outside the petroleum industry and adds, “James worked extremely hard to successfully dispose of the site and I would highly recommend James and Christie & Co to any other operators looking to sell.” 

The second site, Newland Garage, is situated in Ulverston in the South Lake District and the previous owners decided to pursue retirement after over two decades of ownership. The site has been acquired by Penny Petroleum Group, a large corporate operator with sites across the UK, who saw a huge amount of potential in the site and plan to increase the current offering, especially in the adjoining convenience store.  

David Penny, Director of Penny Petroleum Group comments, “We are very pleased to have this new addition to the Penny Petroleum Group, adding to our business in the North West. We believe Newland has great potential and are looking forward to developing our business there.”

James Moore-Martin, Associate Director at Christie & Co comments, “The successful disposals of the two forecourts, which differ considerably in value and turnover, is once again an example of how buoyant the retail market currently is across the North West and highlights the demand for petrol filling stations across the region from both independent and corporate purchasers.”