Parfetts sells closed store to experience retailer

The store closed in February, but Parfetts had secured planning permission to extend the upstairs living accommodation and create a takeaway unit to the side of the store.

David Morris, director at the retail team at Christie & Co, said: “Despite launching the store to market during the height of Covid-19 lockdown we received significant interest that included 14 offers. The store has great potential and retailers identified this very quickly.

“We were able to complete the sale in a very short timeframe, launching to market mid-May and completing in mid-August, which demonstrates that the demand for convenience stores has increased due to the support they have given local communities during the pandemic.”

Local Costcutter operator Odedra plans to utilise the planning permission to extend the first-floor accommodation, as well as extending the convenience store and completely refurbishing the trading area.

Odedra hopes to complete the work as soon as possible so that the store can re-open in early 2021.