2/9/2022 | Retail

Christie & Co let Bampton’s Costcutter to Appleby Westward Group Ltd

Specialist business property adviser, Christie & Co is pleased to announce the lease on Bampton’s local Costcutter has been acquired by Appleby Westward Group Limited, with the site now set to become a SPAR-branded store.

Located on Brook Street, this established, well-maintained village convenience store offers a wide range of grocery products, fresh, chilled and frozen foods, confectionery, snacks, soft drinks, alcohol and tobacco.

The leasehold became available as the previous lessee, David Steele was looking to retire. This presented a fantastic opportunity for a new tenant to take over the strong-performing business, with Appleby Westward Group Ltd emerging as the successful bidder.

Joe Brayne, Retail Business Agent at Christie & Co brokered the leasehold sale and comments, “The convenience retail market is exceptionally busy, and we received multiple enquires despite the store being marketed on a confidential basis. Ultimately, we achieved a figure very close to the asking price, which both buyer and seller were happy with. It’s a great time to think about selling to take advantage of the buoyant market.”

Costcutter Brampton was sold on a leasehold basis, off a guide price of £225,000.

For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
M: +44 (0) 7721 420 656 or E: bronte.hughes@christie.com

Contact the agent:
Joe Brayne, Business Agent – Retail

M: +44 (0) 7548 705 664 or E: joe.brayne@christie.com

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