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27 February 2019 | Retail

New owners sought for Kent village Costcutter branded store

Specialist business property adviser, Christie & Co has brought to the market a Costcutter branded convenience store, situated in the historic Kent village of Upchurch, close to Rainham and Sittingbourne.

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The single storey, 866 sq ft lock up business is well laid out with a sales counter, display cabinets and shelving, plus a large stockroom, kitchen and office. Providing a range of products, including newspapers and magazines, chilled and frozen foods, alcohol and general household products, the store is well stocked to cater for a range of customer needs. Additionally, the store provides National Lottery, PayPoint, and post office services, generating an additional and steady income stream.

Located in a residential setting, the business sees trade from those in the local community alongside visitors from further afield passing through the popular Kent countryside.

Current owner, Hitesh Patel comments, “Now is the right time for me to sell the store so I can focus on my other business. The store has been invested in and is a great opportunity for a new owner.”

Jack Dudley, Senior Business Agent at Christie & Co’s Maidstone office is handling the sale and comments, “This freehold lock up store provides a great opportunity for someone wishing to purchase a village store which enjoys good levels of turnover with the added benefit of a post office income.  Situated in the heart of the village in a super trading position, this is a valuable village asset.”

The Upchurch Costcutter and Post Office is on the market at a freehold asking price of £295,000.