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21 January 2019 | Retail

New owners sought for Southampton Premier branded store

Specialist business property adviser, Christie & Co has brought to the market Deacon Road Premier branded convenience store, situated on a busy shopping parade in the Hampshire city of Southampton.

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The large double fronted store offers an upmarket shopping experience with a wide range of goods, including newspapers and magazines, snacks, alcohol, tobacco and general household products.

Also included on the site are two two-bedroom apartments which are currently let on tenancy agreements, providing an additional income stream.

Located in a residential setting, the store is situated near Itchen Sixth Form College and Sholing Junior School in addition to a number of complementary shops and takeaways. The store provides great potential to increase sales by introducing more product lines, including fresh and hot food offerings.

Tom Glanvill, Senior Business Agent at Christie & Co’s Winchester office is handling the sale and comments, “I am very excited to bring this recently refurbished and refitted Premier store to market as a strong business with great potential for further growth. Situated in a super trading position, close to commercial and residential areas in Southampton, there is a large customer base and plenty of passing trade. 

“The convenience store market continues to be very busy with single, regional and corporate operators actively looking for new acquisitions, so we expect strong levels of interest in this business.”

Christie & Co is seeking a leasehold asking price of £80,000 for the property.