Saturday 3 December 2016

Petrol Station put on the block for €800k

Published 13/03/2016 | 02:30

DTZ Sherry Fitzgerald is guiding €800,000 for this petrol station and fuel depot at Oldcastle in Co Meath
DTZ Sherry Fitzgerald is guiding €800,000 for this petrol station and fuel depot at Oldcastle in Co Meath

A petrol station and fuel depot at Oldcastle in Co Meath has been put on the market through DTZ Sherry Fitzgerald with a guide price of €800,000.

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The property itself consists of a filling station, convenience store and fuel depot located on a 3.2 acre site. The petrol station is located to the front and the fuel depot to the rear. The forecourt consists of six pumps, a separate 24 hour "pay at pump", a manual and automated car wash, aluminium canopy, pavement forecourt, and numerous parking spaces.

The fuel depot consists of an office building, four warehouses, a refuelling depot and 10 large cylindrical fuel tanks with a hardcore or concrete yard.

The agents said the filling station is currently operational and trading as a Centra although there is a level of flexibility for any incoming purchaser to trade under a different brand.

Trading accounts are available on request, they added.

Passing traffic and footfall is generated by the nearby primary and secondary schools as well as surrounding residential and commercial businesses.

"The scale of the fuel depot and the fact that it has been operational until recently provides an opportunity for an occupier to acquire the depot and trading filling station at a fraction of replacement cost," said DTZ's Johnny Hanrahan who is handling the sale along with Brendan Smyth.

The agents add that there has been a wave of acquisitions in the space recently, mostly by off market deals.

Sunday Independent

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