The company says the sites are available individually, in sub groups or as a portfolio, and present an ”ideal platform for a multitude of alternative uses, due to their prominent locations and plot sizes”.
The vendor currently leases sites and is reluctantly selling this commercial investment portfolio due to retirement purposes. The agent said this offers the market a multitude of prime roadside retail opportunities within high traffic-volume areas. They could be ideal for a variety of uses such as: drive-through fast food; EV charging hub; residential and commercial development; or to be brought back to the petrol retailing market.
The sale of this type of site was no reflection on this type of car wash sector, according to Christie & Co - the leaseholder is just looking to retire after successfully leasing the group for multiple decades as car washes.
Eight of the sites located in Accrington, Manchester, Bolton, Royton, Liverpool and Wigan are currently operating as hand car washes, while one of the Bolton properties is used as a showroom and workshop. The portfolio also includes a residential opportunity to acquire a large end-of-terrace property, described as having huge potential for redevelopment.
James Moore-Martin, Christie & Co’s regional director – Retail North and Scotland, who is leading the sales process said: “It is rare for a collection of such well-positioned sites, with consistent traffic volume and development potential for a wealth of different uses, to come to the open market. Please get in contact if you would like to discuss any aspect of this project in further detail.”