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30 May 2018 | Retail

New owner for Hampshire convenience store

Specialist business property adviser, Christie & Co has brokered the sale of a closed Spar convenience store in Paulsgrove, Hampshire to first time owner, Mrs Oladunni Ajayi.

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Situated in a busy parade of shops, the store is currently undergoing a full refurbishment programme under its new ownership, which will involve a significant change to the layout, a security upgrade and a new complementary sound system. On completion of this high specification upgrade, the customer offering will include hot food and a whole range of £1 lines.

The launch of the new look store will take place on 9 June 2018 under the Premier banner and will be accompanied with a promotional package for the first 300 customers.



Mrs Ajayi is looking forward to taking the helm, increasing sales and diversifying the retail offering and comments, “Since this is my first ever business purchase, I was not exactly sure what to expect, but Tom Glanvill at Christie & Co was very professional from the on-set in the way he brought all the parties together and ensured a seamless flow of communication between us. From time to time, he would offer to help wherever he could and this made it all more reassuring for me. I am excited it has all come together now.”

Tom Glanvill, Business Agent at Christie & Co comments, “We were delighted to have facilitated the transaction off market within two weeks of a discrete marketing campaign and wish Mrs Ajayi every success in what I am sure will be a strong business for many years to come.

“Once again, this demonstrates the robustness of the convenience sector despite the frequent negative press surrounding Britain’s high streets.”

The store was sold off market and in excess of the asking price.