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Park Garage Group snaps up Bromley forecourt

Top 50 Indie Park Garage Group has bought Tudor Autos, a BP-branded site in Bromley, Kent.

It was sold to the Bromley-based group following a confidential marketing campaign by Christie & Co, which reported the sale generated multiple offers in less than three weeks and sold well in excess of the guide price.

The previous owner, Tony Bhanot, had been a BP operator for 35 years and after meeting Mark Kaluza of Christie & Co at a PRA group meeting, decided to take advantage of the market. Tony complimented Kaluza and Christie & Co on the way the sale was handled confidentially and easily.

Mark Kaluza, associate director at Christie & Co, said: "This opportunity was presented to a specially selected list of 25 retailers as part of a discreet off-market campaign. The speed of the sale and amount of interest it attracted demonstrates the continuing strength of the forecourt market as we move into the second half of 2017, particularly across the South East."

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As the smaller/family owned independent forecourt businesses continue to be acquired by the big operators, do you think now could be the right time for you to sell up?