Radford Select & Save store set for new ownership following sale
Specialist business property advisor, Christie & Co is delighted to announce the Select & Save store on Jubilee Crescent in Radford, North Coventry, has been sold on a leasehold basis to husband-and-wife team, Viraj and Vaishali Sheth. Funding for their purchase was secured through Christie & Co’s sister company, Christie Finance.
This large, double fronted local convenience store enjoys a high footfall position on a busy parade in Radford. The bustling store offers a wide range of convenience goods and post office facilities which were added in 2013.
Viraj and Vaishali Sheth will take over the existing 25-year lease to operate the store, established by the previous owner in 2008.
Stephen Bell, Senior Business Agent in Christie & Co’s Retail team handled the sale and comments, “Viraj and Vaishali have bought themselves a great store which had many expressions of interest. We ran an open day-style viewing event as our marketing had generated a lot of viewings and many offers.”
Lawrence Roberts, Associate Director at Christie Finance secured the funding for Viraj and Vaishali to acquire the new lease comments, “It was a pleasure to support Viraj and Vaishali on the leasehold purchase of the Select & Save store. The store is a centre point for the community and it was evident that Viraj and Vaishali would be a great fit for the business. Having clients who trust you to deliver and an agent like Stephen Bell made this transaction both interesting and meaningful. I wish them all the best for the future and will be dropping in to say hello on my travels.”
The new owners, Viraj and Vaishali Sheth comment, “Lawrence and Stephen from the Christie network were responsive, professional, skilful and honest. We used Lawrence at Christie Finance to assist with the finance to buy our business and would highly recommend him as he was a pleasure to deal with. He provided just the right mix of knowledge, insight, calm reassurance and positivity as we overcame the various hurdles that are typical when buying a business. We always felt confident that things were progressing well, and I'm pleased to say we have now successfully completed the sale.”
Stephen Bell from Christie & Co adds, “As a result of Viraj and Vaishali being successful in their bid we have a large number of other buyers who missed out and are looking for similar leasehold opportunities. Buyer demand is at an all-time high, so now would be an excellent time for anyone considering retirement to list their store and take advantage of the buoyant market.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 7227 0794 or E: bronte.hughes@christie.com
Contact the agent:
Stephen Bell, Senior Business Agent – Retail
M: 07976 735 122 or E: stephen.bell@christie.com
Contact the broker:
Lawrence Roberts, Associate Director – Christie Finance
M: +44 (0) 7702 809 566 or E: Lawrence.roberts@christiefinance.com
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