The sale of two high turnover petrol forecourts in Liverpool – Dunnings Bridge Garage and Mount Service Station – has been announced by specialist business property adviser Christie & Co.
Dunnings Bridge Garage is a modern and recently updated forecourt situated on the A5036, 7.5 miles from Liverpool city centre. It benefits from a high volume of passing traffic, and is within a close proximity to multiple industrial estates, retail parks, fast food spots, and coffee shops. The site was branded as a BP forecourt with a Costcutter convenience store.
Located in Melling Mount 10 miles from Liverpool city centre, Mount Service Station is a modernised business which is heavily relied on in the local community, according to Christie & Co. The site was branded as a Gulf forecourt with a Costcutter convenience store.
Both forecourts have been operated by the Goodwin family for the last 15 years, and were recently brought to market to allow the family to retire. Following a confidential sales process with Christie & Co, they have been sold, on a freehold and leasehold basis respectively, to growing multi-site group, RFL Limited. Funding for Dunnings Bridge Garage was secured through Christie Finance.
The previous owner, Kevin Goodwin, commented: “Many thanks James for your work, not only in advising on the sale… but also in dealing effectively with any issues arising on the road to completion of both transactions.”
James Moore-Martin, regional director at Christie & Co who handled the sale, commented: “I’m absolutely delighted to announce the completion of this two-site group – Dunnings and Mount Service Station on behalf of the Goodwin family. We received instructions from the vendors to confidentially approach a range of trusted purchasers to dispose of the two sites, one on a freehold basis and the other on a new lease basis. After running a discreet professional process, we received a multitude of offers from various serious parties. I’m extremely pleased for the successful bidders RFL limited and the great team there of Naz, Dave, and Jen as they add these two high turnover Merseyside sites to their growing portfolio.
“It was also ideal to have Neil Collins from Christie Finance in tow on this transaction who ensured that the funding was secured. The successful completion of this group showcases the buoyancy of the market, as well as how effective Christie & Co are within the forecourt sector.”
Neil Collins, consultant at Christie Finance, who sourced funding for the buyer, added: “Working with Naz and RFL was an exciting experience. They had clear plans with what they wanted to achieve not only in the short term but in the future. It was incredibly helpful to work with a client that has such a detailed knowledge of the sector and clear plans of what they want to achieve.”
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