The sale of Dorset-based forecourt Maiden Newton Service Station has been confirmed by the agents Robert Cooney.
The forecourt property stands on a half-acre plot on the A356 and acts as the hub for convenience shopping for the local residents. It features two pump islands, a Spar-branded 2,500 sq ft convenience store and a large associated workshop.
After launching the site to the market on a confidential basis, William Trott, head of Commercial at Robert Cooney, and says there was interest from a wide range of independent and regional operators before Wessex Retail (subsidiary of Appleby Westward) was selected as the successful buyer.
William Trott, head of Commercial at Robert Cooney, said: “I am thrilled for our client that we were able to meet and exceed their expectations. We are also delighted to have assisted Wessex Retail with their most recent acquisition and their portfolio growth. Our knowledge of the forecourt and retail market in the West Country alongside its biggest players allowed us to complete the sale without any disruption to staff or customers.
“We are receiving high levels of interest for good quality going concern assets as well as land opportunities in strategic locations. The multiples of profit remain very strong and show no signs of changing in the short term. I would recommend anyone considering how the market would respond to their opportunity to get in touch.”