New home for post office delivered in £2.2m deal

10th September 2020

Following a £2.2m deal, Ripon’s main post office is set to relocate to an arcade in the city after its £100,000 refurbishment.

The new-look post office is scheduled to open in the arcade in late September 2020, with the current premises in Finkle Street closing earlier in the month.

Bradford-based property development and investment company Frank Marshall Estates bought the 16,484 sq ft, multi-let arcade off a guide price of £2.2m from the Westcourt Group in April last year.

Oliver Brooke, solicitor in our commercial property team, provided legal advice on the deal to Frank Marshall Estates.

Edward Marshall, director at Frank Marshall Estates, said: “This is an absolutely fantastic deal for everyone concerned. The arcade, which links the city’s main car park to the historic Market Square, is a fabulous new location for the post office. It is the beating heart of the city, with a really strong and consistent footfall.

“Work is now almost completed on the comprehensive refurbishment and re-branding of the arcade and we are busy preparing the post office’s new state-of-the-art 1,000 sq ft unit, which was previously vacant, for occupation.”

The post office in Finkle Street will close on Wednesday September 16, with the new one opening on Monday September 28 in the refurbished arcade, which links the city’s main car park to the historic Market Square.

Amy Kaur, the owner of the post office, said: “We have been at Finkle Street for the past seven years. The big drawback there was that there was no disabled access, which is one major reason why we are so excited about our move.

“We can’t wait to move into our magnificent new premises in the arcade, where our customers will find all the services that we offered before. The footfall in the arcade will benefit us, while our presence there should also help all the other occupiers, too.”

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