Forecourt Trader - 30 years at the heart of the fuel retailing community

Gloucester site added to Euro Garages portfolio

Merril Boulton ·

Euro Garages has acquired another forecourt in the south west - Churcham Garage, Gloucester.

Specialist business property adviser, Christie & Co brokered the sale of the site, an established forecourt business in Churcham, Gloucester on behalf of Jamshad Karupamveetil of Milecross Ltd.

Jamshad acquired the petrol station, which at the time was closed, approximately five years ago, identifying its potential on the busy A40. The petrol station was Esso branded with an independent store.

Identifying the petrol station’s further potential, Euro Garages successfully acquired the leasehold interest off an asking price of £75,000 for the leasehold premium.

Euro Garages has already opened Churcham Garage following a rebrand of the canopy and shop. This follows a number of recent acquisitions by Euro Garages including the former High Noon Stores petrol stations across the region which the company acquired through Christie & Co earlier this year.

Dave Morris, senior agent at Christie & Co said: “Churcham Garage is in a good location on the busy A40 linking Gloucester to Ross-On-Wye. With the potential to introduce hot food to the site it fits well with Euro Garages’ model. The forecourt market remains buoyant in the South West with Christie & Co having already completed on 10 forecourt transactions in 2017, and this activity looks set to continue with enquiry levels at a 10 year high.”

Zuber Issa from Euro Garages commented: “Churcham Garage is in a great location on the A40 close to Gloucester, filling the gap between our sites at Ross-on-Wye and Tuffley, Gloucester. We are delighted to add Churcham Garage to our growing portfolio and are keen to acquire more sites in 2017 as part of our carefully planned expansion.”

Want more stories like this in your inbox?

Sign up for our FREE email newsletter

Keywords:

  • Weekly
    Retail
  • Weekly
    wholesale
  • Daily
    Average
Weekly Fuel Prices 19 June 2017
RegionDieselLPGSuper ULUL
East116.8467.90123.89115.71
East Midlands116.1958.90125.25115.27
London116.5858.57125.23115.54
North East115.3759.90124.99114.79
North West116.39124.26115.33
Northern Ireland115.4264.90122.90115.05
Scotland116.4071.90125.06115.09
South East117.1163.90126.62116.05
South West116.69125.72115.56
Wales115.94123.73114.93
West Midlands116.5457.40124.97115.63
Yorkshire & Humber116.1154.90123.66115.16

Most read

In light of the recent terror attacks and potential added threat to safety, have you issued additional security advice to staff?