Commercial deal sees Findon Post Office sold to the community

At the end of May 2017, our commercial team was instructed to sell by auction Findon’s village shop and post office on behalf of the owner after it ceased trading. The grade II listed property comprised a ground floor shop, self-contained maisonette and two parking spaces.

The sudden closure of the store left locals without a convenience store closer than Findon Valley, causing the residents to take action. After a public meeting, villagers joined forces to raise money to buy the store as a community venture. Residents were offered the chance to buy shares in the store at £1,000 each, in order to raise the funds.

The store was sold by joint auctioneers Michael Jones & Company on Friday 30th June to the community, who purchased the freehold for £350,000. Plans are now in motion to refit and restock the store and villagers are being asked to contribute ideas on what they would like to see stocked. It is hoped that the post office and general store will reopen early September 2017.

Steve Berrett, commercial director at Michael Jones commented: “It’s reached the best possible outcome and it is great for the local residents that the store will soon reopen for the benefit of the community. The speed at which fundraising was underway really shows the spirit of the local community and also the power of crowd funding. We wish everyone involved all the best with the shop”.

 

     

 


Content accurate at time of publishing.

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