Central Convenience Store and Texaco Branded Petrol Filling Station

Crewkerne, Somerset, TA18 8AE


Property Type Investment
Availability For Sale
Size 3611 sqft
Energy Performance Rating This property has been graded as C 74

Well secured forecourt convenience investment. 16 years unexpired lease with no breaks and fixed uplifts let to a 5A1 Covenant.


The affluent Somerset market town of Crewkerne is located some 8 miles south-west of Yeovil and 16 miles south-east of Taunton. The A30 provides east/west road links while the A356 interconnects with the A303, some 5 miles to the north. Crewkerne Railway Station provides a regular direct service to Exeter and London Waterloo. The town lies on the River Parrott and the A303 passes some 6 miles to the north. The property is prominently situated on the busy A356 South Street, opposite the junction with Weavers Close and approximately 1 mile east of the town centre. The surrounding area predominantly comprises of residential accommodation.


  • Located in an affluent Somerset market town
  • Strong trading location near the town centre
  • Comprises a Texaco branded forecourt petrol filling station, Central convenience store and a car showroom
  • Total current rents reserved £65,621.68 per annum rising to £74,244.90 per annum on 31st October 2024
  • Let for a further 16 years unexpired to Bestway Retail Limited guaranteed by Bestway Wholesale Limited, a 5A1 covenant
  • The convenience store, including the sublet car showroom and workshop accommodation, extends in total to 3,611 sq ft
  • Annual fixed uplifts at 2.5% compounded throughout giving guaranteed rental growth
  • Freehold
  • Offers in excess of £1,035,000
  • A purchase at this level would reflect a Net Initial Yield of 6%, with a reversionary yield of 6.78% in October 2024

Additional Information

The property comprises a petrol filling station forecourt with a convenience store, workshop and showroom premises in single storey buildings under both pitched and flat roofs extending to some 3,611 sq ft.

The fuel forecourt supports four pumps within a two island layout providing unleaded, diesel and premium unleaded grades of fuel beneath a rectangular illuminated canopy.

The sales area incorporates a Post Office and provides a full range of grocery products, off licence, bakery, general motorist products, confectionery, Costa Coffee module and an ATM. The shop also benefits from a large workshop to the rear being used as storage. The car showroom and workshop accommodation adjacent to the convenience store has been sublet by Bestway to a used car specialist. Further information available on request.

Ground Sales Area 601 sq ft 56 sq m
Ground Rear Storage/Ancillary 1,540 sq ft 143 sq m
Total 2,141 sq ft 199 sq m
Ground 1,200 sq ft 111 sq m
Mezzanine 270 sq ft 25 sq m
Total 1,470 sq ft 137 sq m
TOTAL AREA 3,611 sq ft 335 sq m


The site extends to approximately 0.24 acres (0.09 hectares).



Rental Uplifts

YEAR RENT Reversionary
30th October 2024 £74,244.90 pa 6.78%
30th October 2029 £84,001.29 pa 7.67%


The property is let by way of an overriding lease to Bestway Retail Limited, guaranteed by Bestway Wholesale Limited for a term of 20 years from the 31st October 2014 at a current rent of £58,000 per annum.  The lease provides for 2.5% per annum compound uplifts every fifth year of the term and contains full repairing and insuring covenants. The vendor will top up the rent to £65,621.68 per annum from completion until 31st October 2019 by way of a reduction in the purchase price.


The lease to Bestway Retail Limited is guaranteed by Bestway Wholesale Limited until Bestway Retail Limited posts two consecutive years’ net profit at Companies House exceeding £10million.

Bestway Retail Limited operates approximately 182 stores and supplies a further 500 (approximately) convenience stores which are operated by other companies. Further information can be found at:

Website Address: www.bestwaywholesale.co.uk

For the year ended 30th June 2017, Bestway Wholesale Limited (Guarantor) reported a turnover of £1.651bn, a pre-tax profit of £6.354m, shareholders funds of £88.162m and a net worth of £85.255m. (Source: Experian 09.08.2018.)

Forecourt Convenience Market

Within the forecourt convenience market, demand for assets offering long leases to strong covenants remains high. The market is one of only a few sectors where the occupiers remain active and willing to agree 15 year plus occupational leases with fixed or index linked rent reviews.

Given the lack of stock providing these characteristics available in the open market, forecourt convenience yields have hardened in the last 12 months. Yields currently stand in the high 5%’s for assets providing long income streams and these continue to be targeted by investors.


The property has an EPC rating of C74. A copy of the EPC is available on our website.


The property is elected for VAT which will be chargeable on the purchase price. It is anticipated the transaction is to be treated as a transfer of going concern (TOGC).


We are instructed to seek offers in excess of £1,035,000 (One Million and Thirty Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 6%, assuming purchaser's costs of 5.79%.

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