Private investor completes £950k acquisition of new Co-op store in Harrogate

A new Co-operative store in Knaresborough, Harrogate, has been purchased by North-East based private investor for £950k.

The store, which will open to the public shortly, extends to 4,201 sq ft on a site of 0.41 acres which was formerly home to a Morrisons Local.

Gagan Jagpal of Cushman & Wakefield’s Investment team in Newcastle acted for the purchaser.

Gagan said: “The location and secure long-term income make this a highly desirable investment, which stands out against many of the other convenience food opportunities.

“Cushman & Wakefield’s market reach enabled us to source this opportunity off-market with a 48-hour legal process securing the purchase in a fiercely competitive market.”

Christopher Dee acted for the vendor in the transaction.