Christie & Co sell SPAR in Tiverton to experienced retailer
Specialist business property adviser, Christie & Co, is delighted to announce the leasehold sale of the SPAR convenience store in Wilcombe, Tiverton. The store is located in close proximity to two local primary schools and is surrounded by residential housing, giving it an excellent trading position within the town. It also benefits from accommodation above.
After launching the store to the open market on behalf of owners Dawn and Simon Hawthorn, Christie & Co received interest from multiple independent and regional operators attracted by the store’s ideal trading position and potential.
Dave Morris, Director in Christie & Co’s Retail team handled the sale and comments, “The store presented a good opportunity for an incoming retailer, to acquire a well-established convenience store that is popular with the local community thanks to the hard work and great service that Dawn, Simon and their team provided. The demand for convenience stores remains strong as they have been critical in helping to serve the community during the COVID-19 pandemic.”
The new owners who are experienced retailers are keen to follow in Dawn and Simon’s footsteps, to serve the local community. Jimmy Johns at Christie Finance helped the new owners secure funding to complete the sale.
The new owner comments, “We are delighted to have secured this busy Neighbourhood store and have already made some changes moving away from SPAR. We also have plans to complete a small shop refit as soon as we can. Jimmy at Christie Finance really helped us in pushing the funding along so that we could complete. We would like to thank Dawn and Simon for their patience and assistance in completing the sale and wish them all the best for the future.”
Dawn and Simon who had owned the store for six and a half years comment, “We are delighted to have sold the store so that we can move onto the next chapter in our lives. We have really enjoyed servicing the local community, despite the recent challenges that COVID-19 has presented to most retailers. We want to say a big thank you to Dave Morris form Christie & Co for all his efforts with our sale. We feel he went above and beyond with all that he did to get our sale completed. He was very easy to talk to and we would highly recommend him to other retailers looking to sell. We wish the new owners all the best with the business.”
Kirill Bingham of Clarke Wilmott solicitors acted for Dawn and Simon, who were delighted with the great service that Kirill and his team delivered.
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:
Dave Morris, Director – Retail (Midlands and South West)
P: 07712 198 835 or E: dave.morris@christie.com
