Northhold Group signs £5m petrol station deal | Midlands property news

Northhold Group has agreed to the £5million sale of a service station in Nottinghamshire.

The development, acquired by The Hospital of the Holy and Undivided Trinity, includes a service station in Retford, as well as nearly 8,000 square feet of retail space.

Current tenants include Co-Op, Greggs and a custom furniture retailer.

Northhold’s latest sale follows a series of £15million deals completed in November, with four properties sold to KFIM Long Income Property Unit Trust.

Vanessa Warbrick, Development Director at Northhold Group, said: “Retford is an excellent example of a service station done right – it ticks all the boxes for visitors and occupants, and, with electric charging points alongside systems refueling, it’s built for the future as the number of electric vehicles on the road continues to grow, and it’s an asset that will continue to perform well for many years to come.

Thomas Pearson, Simon Maddox, Will Garnett and Sholeh Alemi of JMW Solicitors advised the seller, while Browne Jacobson supported the buyer.

Pearson added: “We are delighted to have been able to help Northhold close this latest deal – 2021 has been a successful year for the company and we look forward to working with the team as they continue to expand their pipeline. of development. “

Alexander James Automotive acted as agent for the buyer, while PK3 Agency advised Northhold Group.

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