250-year-old retailer put on the market by owner, who plans to retire.
A 250-year old jewellery shop in Newton Abbot, Devon, has been put on the market by its owner Rob Downey, offering interested parties a shop with workshop and portfolio of leading jewellery and watch brands.
Ham & Huddy, located in the centre of the market town, is being sold by Downey after 10 years of ownership. He is working with Christie + Co to sell the business – the same firm through which he bought the business in 2005.
A statement from Christie + Co describes Ham & Huddy as at "the premium end of the jewellery market", providing a complete solution for customers, including repairs and valuations as well as the sale of fine jewellery.
It sells jewellery from brands including Clogau and the Raphael Collection, a collection of silverware and pewter gifts, and watches from Citizen, Skagen, Rotary and Bering.
The sale is being overseen by Jonathan Southgate of Christie + Co’s south west retail team. He said: “Ham & Huddy is a business that has much in its favour — not least its location in the lively market town of Newton Abbot, which in itself is a gateway to both Dartmoor and the coastal resorts of Torquay and Teignmouth.
“This, combined with Ham & Huddy’s excellent and historic trading performance, should help to generate interest both from buyers in the south west region, as well as further afield — as prospective purchasers from London and the south east may see this is an excellent opportunity to make a long-sought-after lifestyle change.”
The freehold of Ham & Huddy is available at a guide price of £300,000, however, the Downey is said to be open to creating a new lease for a negotiable term available down to zero premium — dependant on stock valuation — at an annual rent of £23,500.
Interested parties should contact Jonathan Southgate on 01392 285600.