Bestway Retail instructs Christie & Co to market a new selection of retail sites across the UK
Specialist business property adviser, Christie & Co, has been instructed by Bestway Retail Ltd, to market a new selection of its stores across the UK, as part of the ongoing ‘Project Endeavour.’
The new opportunities have been launched to the market as a result of the Christie & Co Retail team’s success since August 2020 to date, selling a number of other company-owned Bargain Booze, Wine Rack, Select Convenience and Central Convenience stores from across the UK that no longer fit Bestway Retail’s future strategy.
This success has been driven by the current buyer demand for retail assets, which according to Christie & Co’s latest report, Retail Insight 2021, has never been stronger, largely due to the prolonged period of boosted trading that the COVID-19 pandemic has given many operators.
All of the stores were acquired from the Administrators of Bargain Booze Ltd in 2018 when Bestway Wholesale created Bestway Retail Ltd to manage the assets of the former Bargain Booze Ltd.
The new properties are available for sale on a leasehold and freehold basis and full details can be downloaded from the designated Project Endeavor website page.
Mark Kaluza, Director of Retail at Christie & Co, who is leading the project, comments, “We are delighted to continue assisting Bestway with the sale of some excellent off-licences and convenience stores. As this is now our second tranche of divestments, from our experience of running the first release, these stores will strongly appeal to existing retailers looking to take over management run stores in their local area or new owners looking for their first purchase, having worked in the convenience retail sector for someone else. Bestway have been able to offer buyers franchise agreements to trade their Bargain Booze brand to support retailers whilst also being open to sell them free-of-tie to their trading names. There is certainly no better time to acquire a new retail business, when demand from communities is so high.”
Offers are invited as soon as possible, with a final bid deadline on Wednesday 25 August.
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
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Contact the agent:
Mark Kaluza, Director – Retail
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