First-time buyer to operate Mount Road Bargain Booze store
Specialist business property adviser, Christie & Co has secured a first-time buyer from London as the new tenant to operate the Mount Road Bargain Booze store in Bath.
Ideally situated on a busy parade approximately two miles from Bath city centre, this local off license offered an ideal platform for a new owner to take charge of a well-established and profitable retail business, with Christie & Co instructed to create a new lease and secure a tenant on behalf of the freeholders.
The store was marketed on an open basis by Jamie Williams, Associate Director in Christie & Co’s Retail team. The process generated over 10 viewings and 11offers before Prince Hakimzadeh, a first-time buyer from London was selected as the new lessee.
Jamie Williams comments, “Creating a new lease is an ideal solution for business owners who are ready to retire or pursue other interests but do not wish to sell the freehold. It secures an upfront goodwill payment for the business and yearly rental income which means the property can be sold as an investment at a later date.”
The seller, Harry Rai also comments, “Prince has been great to deal with throughout the sale and I am confident he will develop the business further. Jamie Williams at Christie & Co managed everything in a very professional manner, resolving any issues along the way and we are very thankful for all of his help in securing a suitable new tenant.”
Prince Hakimzadeh adds, “Christie & Co were brilliant and Jamie was very helpful. I’d definitely use Christie & Co to purchase my next business.”
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:
Jamie Williams, Associate Director – Retail
P: +44 (0) 773 260 1749
E: jamie.williams@christie.com
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