Established Post Office in South Shields sold for the first time in 40 years
Specialist business property adviser, Christie & Co, is pleased to announce the sale of Green Street Post Office, in South Shields, Tyne and Wear.
Situated in a densely populated area within the suburb of South Shields, the site is surrounded by a mix of commercial businesses and benefits from a significant amount of passing trade.
The business has been owned and operated by Subash Pandit and his wife for the last 40 years, who sold the business in order to retire.
They comment, “A big thank you to Christie & Co for their services in marketing and eventually selling my business. Within a week I had an actual offer and two weeks down the line I had 3 offers on the table, in the end I accepted the offer which best suited me. I’m now happily retired, and everything has been sorted.”
The business has been purchased by Niparsan Arulthas who plans to redevelop the store.
Robert O’Brien, Business Agent at Christie & Co who handled the sale, comments, “After 40 years as a husband-and-wife team, the sellers are getting their well-deserved retirement. On instruction, we had a high volume of interest and received multiple offers, eventually settling with the new buyer.”
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:
Robert O’Brien, Business Agent - Retail
P: +44 7592 775 310 or E: Robert.obrien@christie.com
Visit Christie & Co’s Business Search page to find out more about current listings.
