The freehold sale of Camstone Service Station, Leicester, has completed to Karan Retail Limited, growing their portfolio to a total of 18 sites.
Christie & Co, specialist business property adviser, announced the sale on behalf Mr Amar Shah of Midlands UK Limited.
The site was acquired by Mr Shah through Christie & Co in 2012 and has been developed into a profitable enterprise over the past nine years, following continuous investment in the infrastructure and offerings, which now include a Flames-branded takeaway, hand carwash and established MOT/car servicing business. The fuel was supplied by Valero under the Texaco brand and SPAR supplied the store.
The sale marks Karan Retail Limited’s second acquisition in Leicester, having purchased Houghton Garage on the A47 in Leicester in February 2020.
Dave Morris, Director in Christie & Co’s Retail team, handled the sale and comments: “The forecourt market has remained resilient despite the various challenges that the pandemic has presented.
“Most operators have experienced a reduction in fuel volumes, but an increase in fuel margins and better shop sales has helped to compensate for this. With fuel volumes already back to 95% on pre-COVID levels it is likely that the market will remain unchanged
link source - East Midlands Business Link - Property