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27 October 2020 | Retail

Christie & Co complete on sale of community store & post office in Christchurch, South Wales

Specialist business property adviser, Christie & Co, is pleased to announce it has completed on the sale of Christchurch Road Convenience Store & Post Office, an attractive freehold community store in the city of Newport, South Wales.

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Situated in the affluent village of Christchurch, approximately two miles from Newport town centre, Christchurch Road Convenience Store & Post Office benefits from a prominent, highly visible main road position. The store is arranged in an attractive three-storey semi-detached property with a ground floor trading area and an immaculately presented four-bedroom owners’ accommodation located above the store.

Under the ownership of previous owners, Christchurch locals, Dave and Lynn Stichbury for the past nine years, the business has traded as a successful and well-established community store, popular with both locals and transient passing trade. Dave and Lynn made the decision to bring the property to market through Christie & Co’s retail team in order to retire from the sector.

Dave comments, “Despite the challenges presented by the ongoing pandemic, Lynn and I are pleased to have completed the sale of Christchurch Road Post Office and Store. We have enjoyed our nine years of ownership of the business that we have used ourselves for the last 30 years, and would like to thank our staff and customers for supporting us during this time, as we begin our semi-retirement. We would like to thank Christie & Co for finding the new owners, Balwant and Bikramjit, and wish them all the best for the future and offer our support as we become customers ourselves once again.”

The store has been purchased by Balwant Singh and his partner, Bikramjit Kaur. They plan to introduce different product ranges and extend the store’s opening hours to drive increased footfall and turnover.
Balwant comments, “We are very happy that we will be taking over the Christchurch Road store, despite such volatile times. We are very appreciative for the people at Christie and Co, especially Jamie, for helping us purchase this business and we hope the previous vendors have a happy retirement. We wish to carry on maintaining a high level of service and to fit into the heart of the community. We hope the locals will welcome us and our existing staff with open arms. We hope to see you all soon!”

Jamie Williams, Business Agent at Christie & Co handled the sale and adds, “I’m delighted to have assisted in what is a great deal for all parties. This sale is the tenth completion for Christie & Co across the region since March and with several more to be done before the end of the year, the retail sector continues to respond well to any adversities it faces.”
 
 
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 72270794 or E: bronte.hughes@christie.com
 
Contact the agent:
Jamie Williams, Business Agent
P: +44 (0) 773 260 1749 or E: jamie.williams@christie.com

 
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