The freehold sale of Rowborough Service Station, a Shell-branded forecourt on the A429 between Moreton in Marsh and Shipston on Stour in the Cotswolds, has been completed by specialist business property advisor Christie & Co.
The previous owner, John Eaden, purchased the 0.4-acre site in March 2015 as a one-off investment, and he decided in early 2020 to sell it in order to retire.
However, the sales process had to overcome a number of hurdles. One week before launching to market confidentially, the store was the victim of a ram-raid burglary which caused extensive damage, and further delays were caused by the Covid-19 lockdown in March.
Despite the setbacks, Jamie Williams, business agent in Christie & Co’s retail team, led a successful sales process and was able to secure a buyer by year end.
John Eaden commented: “This has been a traumatic and frustrating experience for all concerned but Christie & Co and the legal teams have worked together to achieve a positive result in the end. The new owner is an experienced operator and is already building a store extension. I wish him well and I’m sure he will make a great success of a filling station in a superb location.”
Jamie Williams added: “Following the ram-raid, the site was very badly damaged. Difficulties around lending due to the Covid-19 pandemic created additional challenges when negotiating with prospective buyers. We are delighted however that we were able to utilise out network to find a buyer and finalise the sale before the end of the year.”
The service station has been purchased by Sritharan Manickavasagan.