Successful Post Office sale in Hampshire shows strong demand for convenience businesses in the South

Set in the heart of a busy residential area in Basingstoke, Watson Way Post Office is an established convenience store and Post Office that benefits from a loyal customer base and regular passing trade.

The store has been owned and operated by the same couple for 25 years, who sold the business as they planned to retire. Following a competitive bidding process, the business has been purchased by experienced retailers, who are looking to modernise the business in the near future.

James Matson, Senior Business Agent at Christie & Co, who handled the sale, comments, “It was a pleasure to facilitate this sale for our clients and I wish them all the best in their well-earned retirement. I wish the new owners every success and I am sure they will look after the customers just as the previous owners did for so many years.

“This sale generated a great deal of interest amongst the market and our registered buyers, with over eight offers received. This is yet another deal where the bids went over the guide price and is a prime example of the buoyant convenience store market in the South of England. If you are looking to sell or for some advice on the market, please get in touch.”

For further information on this press release, contact:      

Niamh Toman, Corporate Communications Executive 
P: +44 7768 646 984 or E: Niamh.toman@christie.com  

Contact the agent:

James Matson, Senior Business Agent – Retail & Leisure
P: +44 7840 020 041 or E: james.matson@christie.com

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