Christie & Co broker Ascona Group’s sale of North Wales forecourt
Specialist business property adviser, Christie & Co, is pleased to report Manordeilo Service Station in South Wales, has been sold to Top 50 Indie, Ascona Group.
Located close to the village of Manordeilo, this freehold forecourt benefits from an excellent trading position on the A40 northbound between Llandovry and Carmarthen. The business is spread across a sizeable site extending to circa 0.86 acre and features two pump islands, a Premier-branded convenience store, two large workshops and a detached three-bedroom bungalow and double garage which is let to a third party.
After launching the site to market on a confidential basis, Christie & Co received interest from a wide mix of independent and regional operators before Ascona Group were selected as the successful bidder. With over 85,000 registered users on Christie & Co’s website and access to Rightmove, an open marketing approach is always encouraged but the confidential sale of Manordeilo Service Station demonstrates the company’s knowledge of regional and sectorial markets.
Ascona Group has been rapidly expanded their network over the last two years, purchasing a number of their new sites through Christie & Co’s Retail team. With this latest acquisition, their portfolio now comprises 59 operational fuel and retail sites.
Jamie Williams, Senior Business Agent in Christie & Co’s Retail team handled the sale and comments, “We are delighted to have assisted Ascona Group with their latest acquisition. Our knowledge of the market and its key buyers allowed us to complete this sale on behalf of the seller swiftly and discretely, without any disruption to staff or customers.
“We are currently experiencing unequalled levels of demand for forecourt sites and the multiples on profit remain high, so anyone considering a sale is encouraged to get in touch to take advantage of the current market.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: +44 (0) 7721 420 656 or E: bronte.hughes@christie.com
Contact the agent:
Jamie Williams, Senior Business Agent – Retail
P: +44 (0) 773 260 1749
E: jamie.williams@christie.com
