Hungry buyers eye the Scottish retail market
Although the Scottish Government's Covid-19 guidance on movement differed from that south of the border over the last year or so, the convenience and forecourt property markets have painted a similar picture to that of England's bull market, with buyers hailing from right across the UK.
In both Scotland and England, convenience stores (including off licenses) and petrol stations were designated ‘essential services’ and remained open throughout various lock-downs. This was particularly important for Scotland’s communities, who’s geography sees many stores clustered in a number of main cities but a significant number scattered throughout many outlying villages.
Our Scotland retail team can report seeing exceptionally robust trading results and along with them, very strong buyer demand which is at an all-time high. In fact, the buyer appetite for retail assets is so strong, the number of sites currently available for sale is outpacing demand and this is driving buyers to look further afield for more opportunities.
A growing number of buyers in the Scottish market hail from England’s south due to the lack of opportunities there and perceived value for money in Scotland, making Scotland an increasingly popular choice for buyers looking for a change of lifestyle.
With so many hungry buyers keen to get a slice of the action, it’s a fantastic time to think about selling. Get in touch and let our experts guide you through the process.
Contact our Scotland Retail Team:
Mark Lavery BA (Hons)
Business Agent- Retail
T + 44 (0) 141 352 7300
M + 44 (0) 7526 175 850
E mark.lavery@christie.com
Liam Bain
Business Agent - Retail
T: +44 (0)131 524 3403
M: +44 (0) 7732 602 268
E: liam.bain@christie.com
More information on buying and selling retail shops and properties
Looking for a retail business or retail shops for sale? Start your search here
Take a look at some of our recent sales...
Woodrows Post Office, Bishopton
- Convenience store and post office sold to existing retailers due to retirement
- Unsuccessfully advertised with another agent
- Christie & Co generated 16 viewings and sold the business at asking price
Inch Services, Castle Kennedy
- Sold to an expanding national operator in an off-market deal
- Sale agreed within the first week of instruction
- Sold over the asking price
Costcutter, Kilcreggan
- Convenience store located in small tourist-led village
- Sold to a first-time buyer at asking price
