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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.”

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Weekly retail fuel prices: 23 April 2018
RegionDieselLPGSuper ULUL
East125.76132.48122.78
East Midlands125.07132.98122.23
London125.5665.90133.21122.92
North East124.5063.90132.40121.73
North West124.89131.16121.69
Northern Ireland123.9569.90129.50121.98
Scotland125.25131.99121.95
South East125.8161.85133.61123.17
South West125.33132.36122.55
Wales124.89129.87122.03
West Midlands124.6065.90133.24121.91
Yorkshire & Humber124.3170.90132.43121.53

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