Former Fish & Chips Shop sold to local operator
16th July 2020
Prime retail investment opportunity in Barry, South Glamorgan has been sold by Kings Business.
Previously offering high quality fish and chips to the local residents, as well as attracting repeat custom from the neighbouring towns and villages, this retail unit earned itself the reputation as a highly revered and convenient location for takeaway meals.
Occupying a central trading position in a residential area, this highly visible 2-storey property offers fantastic facilities for a prospective buyer looking to set up their own takeaway, with a 2-pan fryer and serving area located at the front entrance of the property. At the rear lies a secondary kitchen, a preparation area and toilets, as well as access to the garage at the back of the premises.
Included with the property is a spacious and brightly presented residential area; 2 double bedrooms, a living room and a toilet constitute the first floor.
The previous owners, now looking to enter retirement, decided now was the perfect time to place this excellent opportunity onto the market. Appreciating Kings Business as the prominent business brokerage in the retail sector, we were formally instructed to facilitate the sale.
After a single month on the market, this opportunity garnered 2 offers before being sold to a local operator. Already owning a kebab shop in Barry, Khalil Fazili understood the great potential the retail unit possessed, and now plans on opening a specialised pizza takeaway.
The vendor commented;
“I would like to say thank you very much to Sophie for her assistance in the sale of our property. We have now handed over the keys to Mr Fazili this afternoon. You have been very professional and efficient throughout and we appreciate all your help in this sale.”
The buyer commented;
“I am delighted to be the new owner, thank you to Kings Business Transfer for enabling such a smooth and efficient transaction during a very difficult period for everyone.”
Lead negotiator Sophie Jakeman commented;
“I was delighted to get confirmation that the sale had been completed so quickly. I wish our client and the new owners the best for the future.”