Sale of development site completes, which is set to become a new petrol station
Specialist business property advisor, Christie & Co has completed on the sale of Camden Road Garage, a development site between Stratford-upon-Avon and Chipping Camden.
The site was previously operated as a hand car wash and available with vacant possession. It spreads across approximately 0.4 acres and is situated close to the new Meon Vale development, which has planning permission to include 1,050 homes, along with extensive leisure facilities, a primary school and 800,000sq ft of employment space.
The previous owner, Cameron Thompson comments, “I decided to sell the site as I felt it was best that it was redeveloped back in to a modern petrol filling station to service the local area as there are none in the vicinity. The service I received from Stephen was first-class – I was kept updated at all times with any news regarding the sale and I am very pleased with the result.”
Following a wide range of interest and multiple offers, the site was successfully secured by Vijayalakshmi (Saba) Maruthan, an experienced retail operator with a portfolio comprising of six sites. He plans to undertake a complete knock-down and rebuilt to develop the site into a trading petrol filling station.
Commenting on the experience of purchasing the site through Christie & Co Saba said, “Stephen was very helpful and provided all the necessary information to my solicitor and I as and when required; keeping me updated with the progress of the transaction until completion of the deal. His service is excellent, and I will definitely look to work with Christie & Co again in future.”
Stephen Bell, Senior Business Agent at Christie & Co handled the sale and adds, “Despite the uncertainty caused by COVID-19 and Brexit, this sale highlights that there is still a strong ongoing demand for sites such as this which can be developed into a petrol filling station. Anyone with such an opportunity should get in touch with us to take full advantage of the current situation.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 7227 0794 or E: bronte.hughes@christie.com
Contact the agent:
Stephen Bell, Senior Business Agent – Retail
P: +44 (0) 7976 735 122 or E: stephen.bell@christie.com
