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10 January 2019 | Retail Mortgages

Spar Stores in Northiam purchased by highly experienced retail operator

Mrs Baljit Khaira has recently purchased the freehold of Spar Stores in Northiam, a village and civil parish situated in East Sussex with funding successfully secured by specialist commercial finance broker, Christie Finance.

 


Spar Stores has been operated by the current vendor after 30 years of ownership who is selling the business to retire. The property comprises of a commercial unit on the ground floor equipped for the sale of household goods, food, newspapers, off license, National Lottery and a parcel collection point. Owner’s accommodation is located on the top floor. The business has established an excellent customer trade in the local area whilst benefiting from passing trade due to its prominent location.

New owner, Mrs Khaira, has over 30 years’ experience working in the retail sector having owner-operated several businesses during this time. Mrs Khaira will be operating the store alongside her husband who also has relevant sector experience.

Brian Love, Finance Consultant at Christie Finance worked with Mrs Khaira to purchase Spar Stores Northiam. He comments “Spar Stores is an established and profitable business, presenting the perfect opportunity for Mrs Khaira to continue utilising her years of experience working in the sector. I wish them every success in running and developing the business.”