AF Blakemore has acquired the leasehold of West Cross Supermarket, a Nisa-branded convenience store and post office in West Cross, Swansea which has been under the same ownership for the past 38 years.
Situated on a shopping parade in the busy suburb of West Cross, West Cross Supermarket benefits from excellent levels of passing trade and is ideally situated close to residential buildings, primary schools and a variety of local businesses, all of which drive footfall to the store.
The family-run store has been owned and operated by Salamaan Rasul since 1983, who is now looking to focus on other business interests following the sale.
A sub-lease has also been simultaneously agreed with new tenant Kawal Singh who will be supplied by AF Blakemore.
Salamaan said, “My family and I have thoroughly enjoyed our time running the store over the past 38 years, but we are now looking forward to moving onto other ventures. Jamie Williams and Christie & Co have been amazing in securing a new operator and I wish Blakemore all the best.”
Jamie Williams, Business Agent in Christie & Co’s Retail team handled the sale and added, “With an off-market approach we were able to create a new lease, securing a corporate tenant for our client. This will provide them with a stable income and excellent covenant strength for years to come.
“If you own a similar freehold business and are interested in stepping back from the store, whilst keeping the investment, we have buyers in place, and I urge you to get in touch.”