Roadside Real Estate is continuing its ambitious growth plans having entered into an agreement to acquire a standalone site, Ross Road Service Station in Huntley, Gloucestershire, from Jets Trading Ltd.
The £2.9m deal is for the freehold interest, fixtures and fittings, and associated intangible assets.
The site near Gloucester, which currently handles c4.5mlpa, is said to offer “an attractive return profile”, having generated profit before tax in the year to June 2025 of £373k. It has a Morrisons Daily convenience store and the forecourt will be rebranded from TotalEnergies to Valero. The acquisition is expected to complete early next month and will bring Roadside’s total number of sites to 21.
Roadside Real Estate started its ambitious plans in earnest to become one of the industry’s Top 10 Indies last December when it purchased the Gardner Retail portfolio of six forecourts in the Southwest of England. Earlier that summer it had acquired a Sainsbury’s site in Coventry.
It has since gone on to acquire other businesses including Grindley Brook, near Whitchurch in Shropshire from DA Roberts; and from the Hoch Group,12 Hills petrol stations and one standalone convenience store, primarily in Cumbria and the Northwest of England.
CEO Charles Dickson says its latest acquisition ”is fully aligned with Roadside’s strategic ambition to capture value through the ownership and operation of strategic roadside assets and is an accretive addition to the Gardner portfolio”.
The news of the Ross Road deal comes as Christie & Co announced that Roadside Real Estate’s acquisition of the Hoch Group has completed.
Commenting on cementing the Hoch deal, Dickson says: “Hoch Group is a high-quality portfolio with unrealised potential and underscores management’s commitment to creating shareholder value through the identification and delivery of operational and financial synergies derived from a scaled portfolio.”
