Property investment company, Ace Liberty and Stone has acquired Egerton Park service station on Leicester Road, Melton Mowbray for £2.7m.
The property comprises a BP branded forecourt with a M&S branded convenience store. There is over ten years remaining on the lease with expiry in September 2033.
The current annual rental income is £181,025 with a fixed increase to £204,814 in September 2023.
This deal follows the acquisition of Loders Service Station, The Grove, Dorchester, earlier this year.
Ismail Ghandour, CEO, said: “The acquisition of Melton Mowbray and Dorchester further strengthens our portfolio and is consistent with our strategy of developing a diverse portfolio of assets with long-term secure income.”
