SSG sells four shops

Bradford, Canterbury, Exeter and York to close

Four SPCK shop buildings owned by St Stephen the Great Charitable Trust are up for sale:

Bradford
Canterbury
Exeter
York

These were gifted to SSG by SPCK on 31 October 2006 along with fixtures and fittings and stock. The net book value given to the properties in the 2007 SPCK Annual Report was £1.665 million.

The shops will be sold at auction in London by Colliers CRE on 13th May 2008.

I have been told that SSG also hold the freehold to the Truro shop, but I need clarification on that point. If so it will be the only shop building still owned by SSG if and when the sales of the other properties go through.

The other shops are all rented or, in the case of 6 shops, owned by SPCK but subject to a 7 year
covenant. Details of the status of the various shops can be found here.

News reports:
• The Bookseller: SSG to sell four shops

Cardiff
On a happier note - there are plans to open a new shop in place of the former SPCK in Cardiff. Details here.

London
I can confirm that the London shop at Faith House, Tufton Street, Westminster closed on 11th April 2008. This post on the subject has been updated with pictures.

To find all of the SPCK/SSG posts on this site see the Save the SPCK category.