Roadside Real Estate is continuing with its ambitious growth plans having entered into an agreement to acquire a standalone site, Ross Road Service Station in Huntley, Gloucester, from Jets Trading Ltd.
The £2.9m deal is for the freehold interest, fixtures and fittings, and associated intangible assets.
The site, 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.
CEO Charles Dickson says: “This 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 12-strong Hoch Group has completed.
The Hoch portfolio comprises 12 petrol filling stations and one standalone convenience store, located primarily in Cumbria and the North West.
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.”
Roadside Real Estate started snapping up sites last summer when it bought a former Sainsbury’s forecourt in Coventry. The company paid £1.25m for the site after the grocery giant closed its adjacent supermarket. Roadside was then granted planning permission for a knockdown rebuild.
Roadside then went on to snap up Top 50 Indie Gardner Retail’s six sites as well as DA Roberts’ high-volume Grindley Book Garage in Shropshire.
