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Fifty-five Oddbins stores on the market

Published:  18 April, 2011

A tranche of 55 closed Oddbins stores have been put up for sale ? the chain closed 39 stores last month but an extra 16 are now on the market with Christie + Co.

A tranche of 55 closed Oddbins stores have been put up for sale ? the chain closed 39 stores last month but an extra 16 are now on the market with Christie + Co.

The stores are being sold on the instructions of joint administrators Lee Manning and Matthew Smith of Deloitte.

The agent will conduct a "focused marketing campaign" for the 55 stores across England, Scotland and Wales, with 'best and final' offer bids to be submitted by 5pm on May 2 2011.


Steve Rodell, head of retail at Christie + Co says: "We will be conducting a short, focused campaign aimed at individuals and operators with an interest in this sector. These off-licences offer both independent and multiple operators an excellent opportunity to acquire stores of varying size in prominent locations across the country."


All of the leasehold properties are listed as looking for offers in excess of £10,000. They include a Covent Garden branch which has seven years left on its lease and pays an annual rent of £102,250. Its total sales, including retail and account, are listed as £606,150 per annum.


A full list can be found at www.christie.com/oddbins

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