Service station operators take on their third site
The leasehold of Wakefield Road Service Station in Featherstone has been sold to a pair of experienced forecourt operators.
The lease for the site has been acquired by Saqib Javaid and Zeeshan Ali, a duo of forecourt operators who already run two other sites in the region.
Specialist business property adviser, Christie & Co, arranged the sale of the lease.
Javaid and Ali said: “We are excited to have acquired Wakefield Road Service Station and look forward to building on its strong local reputation.
“We plan to enhance the site by catering more for HGV drivers, with facilities including AdBlue, free overnight parking, and free customer amenities such as toilets and a free tap water point for vehicle use. Our aim is to create a clean, welcoming stop for all road users.
“We are also continuing to look for further acquisition opportunities in the sector. We’re very thankful to Christie & Co for their support throughout the process. This is now our third site, and their help has been invaluable.”
The sale was managed by Andrew Birnie, director at Christie & Co. He said: “This site has a fully refitted Londis-branded shop and 24-hour off-licence. This was a tricky deal, with lease issue hurdles to overcome, but both buyer and seller worked together to reach the desired outcome.
“It is a fantastic site, and there would have been fierce competition had it gone to the open market, but immediately the seller and buyers’ visions aligned, and it was sold off-market.
“There is no shortage of demand for high-quality petrol stations sites across the North, and this shows no sign of slowing down.”
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