All Property articles – Page 5
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NewsPetrol station and services on the M4 in South Wales sold for £10m
The freehold of a petrol station and services on the M4 in South Wales has been sold for £10m.
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NewsFormer hand car wash site destined for new PFS development
A new forecourt development is set to be built on the site of a former hand car wash operation, following its recent sale by specialist business property advisor, Christie & Co.
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NewsTwo family-owned Swansea petrol filling stations sold by Christie & Co
Two family-owned petrol filling stations in Swansea have been sold by specialist business property adviser, Christie & Co.
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NewsSurge in petrol station demand since lockdown ended, says Rapleys
A seven-fold increase in demand for petrol filling stations occurred in the first month following the easing of the UK’s Coronavirus lockdown restrictions, according to Rapleys, the property and planning consultancy.
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NewsSwan Service Station sold as owner takes a break
A Wigan-based Gulf-branded service station has been sold by independent retailer Faruk Divelli as he prepares to enjoy a well-earned break.
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InterviewUNDER THE SPOTLIGHT: 20 questions for Steve Rodell, Christie & Co
Christie & Co’s Steve Rodell loves a Spaghetti Western, supports Luton FC, and surprises us with his choice of musical instrument
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NewsKay Group plans multi-million pound redevelopment of HQ
The Kay Group has applied for planning permission for a multi-million pound redevelopment of its Grimshaw Park Service Station in Blackburn. The Top 50 independent is to completely demolish the site - which is also the company’s headquarters - and replace it with a ‘unique’ and ‘contemporary’ three-storey building and ...
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NewsDemand outstrips supply
Roadside retail has become the new high street. So says Adam Wadlow, director at property advisors Barber Wadlow. "We have become convenience junkies where we want everything now or very quickly. That’s why we’re seeing new petrol stations with Costa, Starbucks and other food-to-go outlets, whether they’re incorporated in the ...
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NewsGulf site in Devon sold after strong competition
A prominent petrol filling station on the North Devon Link Road has been sold after strong competition among potential buyers. Woodside Garage, located alongside the A361 just outside South Molton, has been sold through Barnstaple-based commercial property agent Charles Darrow. The Gulf-branded petrol station site comprises a small single-storey general ...
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NewsBig deals
There’s no doubting the big property stories of 2018 with the biggest of them all being MFG’s acquisition of MRH but there was a lot more going on than that. Think Prax buying HKS, as well as Certas Energy and Jet snapping up sites. Indeed, according to forecourt property specialist ...
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Beacons for business
The acquisition of MRH by MFG earlier this year could be good news for everyone in the fuel retailing sector, according to Adam Wadlow, partner at fuel and automotive property advisers Barber Wadlow, which has just published its latest Forecourt Property Market Update. "It shows that the independent dealer sector ...
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Sky-high prices
In the forecourt property world, some dealers are being made offers on their sites that they can’t refuse. Not, of course, in the sense of the infamous Don Corleone quote from The Godfather, but more along the lines of a once-in-a-lifetime offer that they can’t resist.Matthew Williamson, director automotive and ...
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NewsACS welcomes election promises on business rates
The Association of Convenience Stores (ACS) has welcomed commitments from all the major political parties in England and Wales to reform the business rates system. Property costs are among the largest costs faced by retailers and one-in-three retailers are paying increased rates since the revaluation. Additionally, only 39 out of ...
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Boom time
Barber Wadlow research (in association with Experian Catalist) recorded a 14% increase in petrol station property values in 2015 the fourth consecutive year of growth. This means values have now increased by nearly 50% since the bottom of the market in 2011, so a site worth £750,000 in 2011 ...
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A seller’s market
It depends who the seller is, states Steve Rodell, director and head of retail at Christie & Co, when asked if it’s a buyer’s or seller’s market. "For example, if you’re an oil company and have a structured disposal programme that is linked to supply deals, it’s a seller’s market ...
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Des res
When it comes to the forecourt property market, it’s very much a matter of opinion as to whether 2013 was a busy year or not. Anthony Keohane, director of automotive and roadside at Colliers, says 2013 was "another busy year" with the supermarkets and oil company/supermarket joint ventures continuing their ...
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On the move
The past 12 months has been one of the busiest periods in recent history in the forecourt property sector, according to Adam Wadlow, director at property adviser, Barber Wadlow. "We estimate that there have been over 1,100 petrol stations sold or let since the end of 2011, which represents an ...
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Buyers beware
Anyone who has acquired a petrol forecourt business will know that there are many different elements to keep in mind during the buying process, which keep both the buyer and their lawyers busy. "Miss out any of these points and you may find that you have purchased an unviable ...
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Hot properties
If you’re thinking of selling your forecourt, now is definitely the time. The oil company rationalisation is over and there are fewer and fewer decent sites up for grabs. Unfortunately, if you are a buyer this means you’ll be paying more than ever before. Christie’s associate director corporate retail, Allen ...
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