SPECIALIST business property adviser Christie & Co has completed on the sale of Ridgebourne Service Station and Crossgates Service Station, a pair of petrol forecourts situated in and near Llandrindod Wells.

Previously managed by Llink Group Limited the portfolio, comprising two freehold sites, was brought to market with Christie & Co in February 2020 and generated a great deal of interest among prospective buyers.

Following a very competitive bidding process that attracted multiple bids and closed just before the nationwide Covid-19 lockdown in March, the forecourts have been successfully acquired by expanding independent operator and Top 50 Indie, Ascona Group.

The company has rapidly expanded over the last two years, purchasing a number of their new portfolio additions through Christie & Co’s retail team throughout 2019, including the Cornwall Garage Group and Heritage Automotive portfolios. This latest acquisition takes them to 44 operational sites.

Jamie Williams, business agent in Christie & Co’s retail team brokered the sale and said: “Christie & Co has witnessed an increased demand for petrol filling stations and a 77 per cent increase in new retail buyer registrations on Christie.com, with 36 per cent of those specifically seeking petrol filling stations.

“Both sites were marketed confidentially and sold in excess of the asking price. An indicator of the current buoyancy within the market.”