Newsagent and off license in Newcastle sold following 35-year ownership
Specialist business property adviser, Christie & Co is pleased to announce the sale of Shari’s News & Off License, located on the busy Shields Road in Newcastle.
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Located on Shields Road, Shari’s is surrounded by residential properties and is depended on by the locals for its range of convenience items, confectionary and newspapers.
The store has been owned and operated by Sandy Kaur for the last 35 years, who sold the business in order to retire. The new owner is a private buyer who intends to redevelop the site into three new stores.
Robert O’Brien, Business Agent at Christie & Co who handled the sale, comments, “We had good volumes of interest in the property due to the freehold aspect and the potential to redevelop and join a symbol group.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Manager
P: 020 7227 0794 or E: bronte.hughes@christie.com
Contact the agent:
Robert O’Brien, Business Agent – Retail
M: +44 7592 775 310 or E: Robert.obrien@christie.com
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