Investment Summary

• Purpose built petrol filling station and forecourt with convenience store and dedicated parking.
• One of the busiest petrol filling stations in Northern Ireland being well located, adjacent to the recently completed A6 upgraded bypass.
• Freehold.
• Current rental income £155,000 per annum with an additional revenue share agreement to Airvending Ltd t/a AIR-serv currently estimated at £5,000 per annum.
• Convenience store let to Musgrave Retail Partners NI Limited with CPI linked rent review in June 2026.
• 6 EV chargers let to Ionity GmbH.
• Planning permission approved for 2 no. drive thru’s with associated car parking.

The property comprises a purpose-built petrol filling station and convenience store trading as Cathcart’s Toome, fully fitted out to a Centra specification. The fuel forecourt supports 6 pumps within a three island layout providing unleaded, diesel and premium grade fuels beneath a rectangular shaped canopy plus commercial pump all operated by Nicholl Fuel Oils.

Adjacent to the convenience store is a restaurant trading as Nancy Maguire’s which operates from 6am to 7pm Monday to Thursday with extended opening hours on a Friday and Saturday and has recently opened on a Sunday from 11.30am to 7pm.

In addition the site benefits from 6 no. EV chargers held under lease from Ionity each providing 350kw. There is also a separate car wash facility held under lease.

The site benefits from planning permission for 2 drive thru restaurants with associated parking.

Covenant Information

Musgrave Retail Partners NI Limited, the principle activity of the company is grocery retailing through the operation of SuperValu and Centra stores across Northern Ireland. The company’s turnover for the year ending 30 December 2023 was £51.4 million, an increase of 41% on the prior year and gross profit of £9,395,323 for year ending 30 December 2023.

Ionity GmbH operates as a charging network provider for all electric vehicles across 24 European countries. It is a joint venture of various car manufacturers including the BMW Group, Ford Motor Company, Hyundai Motor Group, Mercedes Benz and Volkswagen. Their charging stations are designed to support at lease 350kw.