Christie & Co complete on sale of unopposed village convenience store
Specialist business property advisor, Christie & Co has completed on the sale of Premier-branded Abram Convenience Store in Wigan, Greater Manchester.
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Situated on a prominent main road position within a busy residential setting, the long-standing community convenience store presented as an extremely rare opportunity. With no immediate competition in the nearby vicinity, the store is heavily relied upon by the local community, giving it a strong trading position.
In addition, above the store is a two-bedroom apartment with a separate entrance, which is currently rented for £600pcm, making it a highly appealing asset for prospective buyers.
The previous owner, Premvati Rabadia made the decision to sell in order to focus on his other business interests.
The store has been purchased by Mr Sunil Varsani who comments, “I’m very excited to take on Abram Village Store and would like to thank Christie & Co for helping us to secure the business. We look forward to becoming part of the Wigan community and we’re going to be looking at ways to ensure we’re best serving local residents over the next few months.”
Ashley Cobban, Retail Business Agent at Christie & Co handled the sale comments, “We are delighted to have found a great buyer for our client. Convenience retail is an essential service, which has recently been highlighted by the global pandemic and therefore we are seeing a significant increase in demand for these types of businesses.”
Premier Abram Convenience Store was sold off a guide price of £319,950 for the freehold interest.
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 7227 0794 or E: bronte.hughes@christie.com
Contact the agent:
Ashley Cobban, Business Agent – Retail
P: +44 (0) 7714 138 987
E: ashley.cobban@christie.com