Specialist business property adviser, Christie & Co has completed the leasehold sale of Nisa Local Adelaide Road, in North West London.
Located in Primrose Hill, this large, profitable convenience store underwent a rebrand to the Nisa symbol by the previous owner and has enjoyed strong trading results.
Oliver Guppy, Business Agent in Christie & Co’s Retail team, who handled the sale, comments, “This sale emphasises how buoyant the market currently is. We had 16 viewings and six offers all within the first two weeks of marketing the business, just from buyers previously registered with us. This was a busy store in a prominent position that exceeded the asking price to an existing multiple operator that is well known to us. We are experiencing high demand for stock and buyers that missed out on this store are still actively searching for businesses, so it’s a great time to think about selling.”
The previous owner comments, “We would like to thank Christie & Co for helping us to sell one of our high turnover stores based in North West London. They ran a thorough process which resulted in multiple offers over the asking price within the first few weeks and saw this through to completion quickly, while keeping us updated all the way.”
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