All Property articles – Page 7
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News
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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News
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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News
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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News
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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News
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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News
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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News
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 ...