Premier Store Sale

Experienced retailer snaps up South Wales store

Business property advisor Christie & Co says the quick sale demonstrates the “incredible demand” it is currently seeing from buyers.

Retailer Kandasamy Chandrarajan has bought the Premier-branded convenience store Bedlinog Stores in Merthyr Tydfil, South Wales.

The family-run village store has been owned and operated by Gareth Roberts since 2004 and came to the market through Christie & Co’s retail team, as he was looking to retire.

Chandrarajan (Rajan), an experienced operator based in London, currently operates another store near Bedlinog. He also secured the funding for his purchase through Christie Finance.

Jamie Williams, Retail Associate Director at Christie & Co, said: “The store was under offer within just one week of coming to the market, following six viewings and four offers – a clear indication of the incredible demand that we are currently seeing from buyers.

“Working with our sister companies, Christie Finance and Christie Insurance, the sale demonstrates our ability to achieve quick results and cover all aspects of a deal, meaning total visibility for the buyer and seller.”

Roberts, the store’s previous owner, said: “We’ve been fortunate enough to have served the community of Bedlinog for the past 18 years, where we were welcomed with open arms. We are reluctantly leaving with so many happy memories, not to mention so many new friends. However, the time is right for a change in work-life balance.

“We’d like to take this opportunity to wish the new owners, Rajan and his family, all the very best for the future and many thanks to Jamie at Christie & Co for helping us to achieve an efficient, quick sale.”

Jimmy Johns, Director at Christie Finance who secured the funding for Rajan’s purchase, said: “Rajan and his family were great to work with and I wish them all the best with this great addition to their established retail unit.”