Who buys retail shops? At the moment, not many people.
The only retail shops which seem to be selling are those which are let to strong tenants on long leases and located in prime positions. For example, if you have a shop which is let to Boots on a 20 year lease on a very busy high street, it will attract many buyers. However, if you have a shop let to a sole trader, who has a 2 year lease, and the shop is located on a small, quite parade, then you will find this extremely difficult to sell. In order to find a buyer, you will need to offer the property at a very low price and even then, don’t expect it to fly out of the window.
If you want to know who buys retail shops, give me a call and if it’s not us, then I can tell you who it may be.