2/27/2017 | Retail

Multiple convenience store operators in Bath sell Chippenham store

Specialist business property adviser, Christie & Co has completed the sale of the Best One store in Chippenham on behalf of Bath-based retailers Pankaj Raichura and Rajinder Kumar.

The Best One store is located on London Road close to the Pewsham estate which is south of the town centre. The store was previously a financial services office before Pankaj and Rajinder purchased the property in 2012, spotting the opportunity and potential demand in the area for a convenience store.

Pankaj and Rajinder decided to sell the Best One to concentrate on the two other stores which they operate in Bath which are closer to their homes.

The successful buyer is Jose Morais who also owns a convenience store in Wales. Jose was supported by Jimmy Johns from Christie Finance who helped secure funding for the deal.

Pankaj comments, “We are delighted to have sold the business through Christie & Co as a going concern to Jose who we hope continues to grow the business as we have. We can now concentrate on our other business interests closer to home.”

Dave Morris, Senior Agent at Christie & Co who handled the sale comments, “The Best One on London Road presented an excellent opportunity for a buyer to secure a good freehold store with further potential. The convenience store market remains buoyant with freehold stores in popular demand.”