Forecourt Trader - 30 years at the heart of the fuel retailing community

Freehold of service station leased by Rontec sold for £3.9m

John Wood ·
Morrisons Daily shop on a Rontec site.
Rontec has a Morrisons Daily store on the site
  (Photo:  )

The Automotive Division of estate agents Knight Frank in Bristol has sold the freehold of a service station leased by Top 50 Indie Rontec for £3.9m.

The Esso-branded service station at Hengrove Way, in Bristol, is one of around 50 Rontec sites where it has a Morrisons Daily convenience store.

Acting on behalf of vendor Dwyer Property, Knight Frank sold the freehold of the 2,962sq ft premises to a private buyer in a deal representing a net initial yield of 4.85%.

Adam Chapman, partner in the Automotive Division at Knight Frank, said: “The site has an unexpired occupier lease of 20 years at a current annual rental income of £202,000.”

Keywords:

  • Weekly
    Retail
  • Weekly
    wholesale
  • Daily
    Average
Weekly retail fuel prices: 15 July 2019
RegionDieselLPGSuper ULUL
East
East Midlands
London
North East
North West
Northern Ireland
Scotland
South East
South West
Wales
West Midlands
Yorkshire & Humber

Most read

As ESSO and BP join Shell and Gulf in launching new loyalty programmes this year, are such schemes a key tool for businesses today?