JM Group decided to sell the five acre site, situated in Edinburgh on Seafield Road, after a review of ‘projected future franchise and property investment returns’. The group will retain the property and Peter Vardy will lease the site.
The current Dunedin team will now become part of the business operated by Peter Vardy.
JM Group’s previous Kia showroom will be redeveloped to offer a new Mini dealership, and both operations will trade under the Peter Vardy name. The central part of the site will host a 150 car pre-owned forecourt.