New owners are planning a rebrand and shop expansion after acquiring a forecourt in Berkshire.
Christie & Co brokered the sale of Berkshire Downs Filling Station, a well-established forecourt and Spar-branded store in Chilton, off a freehold guide price of £1.5m.
Maruthan Sabapathi of new owner M&S Fuels Limited, which has a growing portfolio of retail businesses, petrol stations and convenience stores, commented: "We are delighted to have secured the site and look forward to growing the business with plans in the short term including a rebrand to Shell and the extension and renovation of the retail offering."
Tom Glanvill, business agent at Christie & Co, stated: "This site attracted a high level of interest and numerous bids, achieving a premium price for the fantastic business. This clearly demonstrates the appetite of well-located petrol filling station sites in a well-established trading location with potential to grow."