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07 October 2020 | Retail Mortgages

Costcutter Helmsley purchased by experienced retailer through the Christie Group

Specialist broker Christie Finance, is pleased to announce it has obtained funding for an experienced retail operator to purchase the Costcutter Store & Post Office Helmsley, a national branded village convenience store and post office in North Yorkshire, a deal made through our sister company, specialist business property adviser, Christie & Co.

The business is located on a vibrant high street in the attractive and sought-after market town of Helmsley, with a range of boutiques and independent shops nearby. In addition to a standard convenience store offering, the well-fitted store stocks quality local produce from farmers, such as soups and butchery products as well as fresh fruit and vegetables, making it popular with locals and visitors alike.

The business has been purchased by Mr Quentin Wilson, an experienced operator in the retail and hospitality sectors. The store was very heavily relied upon by the Helmsley community during lockdown and Quentin intends to continue supporting and servicing local residents as well as growing the business by strengthening trade during the high tourist season.

Matthew Gudgeon, Finance Broker who orchestrated the deal comments, “It has been a pleasure to work with Quentin on his acquisition of the Helmsley Costcutter Store & Post Office. Raising finance in the retail sector can be challenging as lenders exercise caution towards a sector which is undergoing change. However, Christie & Co’s expertise and the strong relationships Christie Finance have with lenders allow us to successfully arrange finance with market leading terms for our clients. I wish Quentin and his family the very best of luck in the future.”