Multi-site independent forecourt operator, Grove Retail, has purchased Calderside Garage in Shotts, North Lanarkshire.
The firm acquired the property, which comprises a petrol filling station and store, as part of its strategic portfolio expansion. The company said: “This strategic purchase will aid in the growth of our Scottish footprint.”
Situated just off the M8 motorway between Glasgow and Edinburgh, the site had previously been owned by Glenys and Gibson Inglis for over two decades.
The sale was handled by Mark Lavery, Associate Director at Retail at Christie & Co.
Glenys and Gibson said: “We decided to sell the business as it was time to retire. It was vital that our legacy continued in the area and as such, we needed to be sure that it was sold to the correct party. With Mark Lavery’s expertise and knowledge of the sector, he was able to find a suitable buyer off-market without the need to advertise.”
Lavery said: “We were tasked to find a suitable buyer who would be able to modernise the business and move it forward whilst keeping the traditional feel that the previous owners had established. We carried out a confidential off-market campaign and quickly found a buyer who understood the site, its history and what the previous owners had built over the years.”
