Gloucestershire forecourt sold to Top 50 Indie retailer
By Matt Hall | 23rd March 2020
Commercial property advisors Christie & Co have announced the sale of a garage in Didmarton, Gloucestershire to a Top 50 Indie retailer.
Oldbury Hill Garage, which has been owned and operated by the Butler family since 1973, comprises a forecourt, a convenience store and an owners' flat above has now been sold to NTS Retail Ltd.
The store was refurbished in 1985, and the forecourt completed its refurbishment in 1992. The forecourt was supplied by BP with an independent shop and previously operated a MOT and car service centre, but this was wound down and recently closed.
After an extensive marketing campaign that attracted multiple bids, the successful buyer was NTS Retail Ltd who, this year, moved from thirty-fourth to sixteenth place in Forecourt Trader Magazine's Top 50 Indie retailer list.
Previous owners Mr and Mrs Butler said: "After operating and living at the forecourt for over 47 years, it was time for us and our family to hand the site to a new operator. David Morris of Christie & Co helped us throughout the process to ensure that we achieved a sale.
"We are delighted that NTS Retail Ltd were the successful buyers and wish them well with the plans that they have for the site."
The new buyers are planning to completely refurbish the convenience store which will be converted to the Londis symbol group. This will allow the site to introduce new services including the sale of alcohol. The site will continue to be supplied by BP.
Mr Nalliah Thayaparan, owner of NTS Retail Ltd said: "We are delighted with this acquisition which takes our group to 15 sites across England and Wales and are looking to expand our group further and have big plans for Oldbury Hill Garage moving forward.
"We are keen to continue to support the local community and hope the new Londis shop will provide a wider range of product with good offers."
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