Sourced from Insider Media - follow link to original article
Commercial property company RO Real Estate has acquired Westacre Service Station in Salisbury for £1.9m.
Westacre purchased the site, occupied by an Esso filling station and shop, from Aureus Property. The company said “a number of fuel sale and retail operators” were “keen” to secure the site, which could also be used for residential conversion.
Richard Bourne, head of RO Real Estate, said: “This acquisition will help improve the quality and performance of our portfolio as the opportunity offers long term secure income in a strong location with future potential to add value.”
The company also pledged to acquire more sites throughout 2014 with plans to invest up to £5m.
RO Real Estate was advised by HSM Chartered Surveyors. Aureus Property was advised by Barber Wadlow.