Leicestershire service station sold for £1.41m

A Leicestershire service station has been sold to a national operator for £1.41 million – nearly 20 per cent above its guide price.

Eastwoods Service Station in Stapleton is a 2.7-acre site complete with shop, three-bedroom bungalow, 12,000 sq ft of industrial units, offices and a car wash. The site is licensed for haulage use for up to 20 vehicles.

The deal was overseen by David Penn, partner at Coventry-based commercial property firm Bromwich Hardy.

He said: “This was a terrific opportunity with a range of buildings, accommodation and services alongside the petrol station and shop itself and the sale price reflects that.

“We are delighted to have been able to negotiate a particularly pleasing deal for the site as a whole and look forward to working with the buyer to bring further opportunities at the site to market.

“The purchaser is a national specialist in the running of petrol stations and clearly saw the potential of the site to provide a long-term return on their investment. We are now working with the new owners to find a tenant or tenants for the surplus workshops and yard, which total 11,576 sq ft plus 0.83 acres.”