JMW advises Northhold on circa £5m petrol station deal

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JMW advises Northhold on circa £5m petrol station deal

The Real Estate team at JMW Solicitors has advised Northhold Group on the circa £5 million sale of a petrol filling station in Retford, Nottinghamshire.

The development, acquired by The Hospital of the Holy and Undivided Trinity, comprises a petrol filling station alongside almost 8, 000 sq. ft. of retail space.

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

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

Thomas Pearson, Partner at JMW Solicitors, said: “We’re pleased to have been able to support Northhold in getting this latest deal over the line - 2021 was a successful year for the business and we look forward to working with the team as it continues to expand its development pipeline.”

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

Northhold Group is a privately-owned multi-asset investment company focusing on property investment and development, with a strong construction and house building presence. It has developed a specialism for convenience stores in recent years, but is also underway with a series of residential projects, including Deluna in Manchester’s popular Ancoats.

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

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

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