CJ Lang appoints Christie & Co to market eight Spar store in Scotland
Acting on behalf of CJ Lang & Son Limited, specialist business property adviser, Christie & Co has been appointed to market eight Spar branded stores situated across Scotland, including High St, Invergordon; Portland St, Troon; Holburn St, Aberdeen; 101 Central Ave, Gretna; Whitesands, Dumfries; Hilltown, Dundee; Whitletts, Ayr and High St, Carnoustie.
Established in 1919, CJ Lang is now Scotland's largest independent retailer and distributor, supplying all SPAR convenience throughout Scotland. Following a strategic review of its company managed store division, the retailer decided to bring the eight stores to the market to enable further growth of their estate. The sale of the eight sites will bring their portfolio to a total of 108 sites, with plans to add three new greenfield sites across the Central Belt of Scotland to its portfolio over next 12 months.
Daniel Arrandale, Director at Christie & Co comments, “The sites represent an ideal opportunity for both experienced operators or first-time buyers to acquire an established convenience store business at a competitive price. The stores offer the usual standard services and project lines, with six of the sites offering Post Office services and two also with an in-store Subway franchise. With locations across the Scotland, we anticipate a range of interest from across the UK given the high profile nature of this instruction. A number of the stores have already attracted significant interest and there are several indicative offers on the table.”
Christie & Co is inviting offers for either the eight sites in sub groups or on an individual assets.
For further information on all of the sites, please visit CJLang.christie.com.