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.”

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    wholesale
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    Average
Weekly retail fuel prices: 16 July 2018
RegionDieselLPGSuper ULUL
East132.28138.28128.84
East Midlands131.51137.79128.38
London132.19140.03129.03
North East131.0166.90139.39127.19
North West131.27138.06127.27
Northern Ireland130.41135.23127.81
Scotland131.76134.98127.78
South East132.4263.90139.59129.27
South West131.8461.90138.00128.87
Wales131.5258.80136.75128.29
West Midlands131.10138.93128.01
Yorkshire & Humber130.82138.87127.63

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