Freehold furniture store sold to owner occupier

Acting on behalf of Stokers furniture, the fourth generation family run furnisher, Peill & Company have sold their former store at 20 Cavendish Street to an owner-occupier. Managing Director, Simon Adams commented, “We were pleased to conclude a sale of the building, after generating a number of competing bids for the property, and ending up setting a closing date for receipt of offers”. The purchaser will be carrying out extensive refurbishment and alteration works to create an office and administrative building. The property, which extends to a total of 5,957 sq ft was sold freehold off an asking price of £275,000.