A forecourt in Cardiff has been let to Park Garage Group, the Croydon-based Top 50 Indie. The site is located on Hadfield Road, near to the new football stadium.
Adam Wadlow, partner at Barber Wadlow, which handled the contract, commented: "This is a strategic decision by our client, White Dove Group, who wanted to focus on their core business – franchise vehicle retailing (the company represents Skoda, Seat and Mitsubishi in Cardiff)”.
A spokesman for Park Garage Group said: “The quality of the site makes it an ideal opportunity to extend the company’s network into South Wales and we will now be looking for further suitable opportunities in the region”.
Wadlow added: “As we mentioned earlier this year, this arrangement is becoming more common and this deal is one of quite a few similar lettings that Barber Wadlow have achieved over the past few months. By letting a site on appropriate lease terms, there is an opportunity to generate a secure rental income, as well as enhance and protect the value of the asset”.