Has anyone other than me noticed that petrol stations in cities across the UK have been disappearing? It seems increasingly difficult to find fuel as petrol stations are boarded up and replaced. I can think of several such sites in London and the South Coast alone. I have also noticed a trend for the former site of the petrol station to be converted into a new build block of leasehold flats in due course. I’d be interested to know if you have also noticed this phenomenon or knowledge of the ‘master plan’ to create flats from fuel. When large, profitable, multi-national oil companies feel they can make more from property than petrol it is a sure sign of the value of property as an asset. Perhaps a more worrying trend, of course, would be to see blocks of leasehold flats being converted into petrol stations. But in these sub-prime property times, anything is possible…
Leasehold & Freehold Legislation | Property Management Law Blog