Specialist property advisors, Christie & Co supported in the sale of the freehold of Bryntirion Londis & Post Office owned by their client, Paul & Pam Homeyard for nearly 30 years who were selling to retire. The business is arranged in a lock up single storey property with a ground floor trading area.
Mr Bibhu Kumar who has other business interests, is a first-time entrant into the retail sector, has bought the business and is looking forward to increasing the profitability of the store by increasing the opening hours and introducing a paper delivering service. Mr Justin Render of Render Solicitors acted on behalf of Mr Kumar and Mr Gary Boyce of Christie Finance secured the funding of Mr Kumar’s first retail business.
Gary Boyce, Director at Christie Finance commented “I am delighted to have arranged competitive funding for Bibhu in purchasing his first retail store. Christie Finance remain hugely active in the UK retail market, supporting first time buyers and existing operators alike. I wish Bibhu the very best for the future in operating and growing the business”.
Jonathan Clements, Business Agent at Christie & Co’s Cardiff office handled the sale and comments, “I am delighted to have helped Mr & Mrs Homeyard sell their business and wish them all the best for their retirement. I am sure that Mr Bibhu Kumar will put his own stamp on the store and develop the business further.
“We are seeing increased activity within the region since January 2018, which is reflected in increased viewing numbers, offers presented and completions. These are exciting times for South Wales and we are pleased to be able to assist in securing a successful completion.”