AM Online

Sale raises capital for dealer group's reinvestment

Car dealer group Caffyns has raised £1.28m in the sale of a property in West Sussex.

It has exchanged contracts with Aliva Estates for the sale of its freehold site at 24-26 Goring Road, Goring-by-Sea.

The gain on sale is approximately £800,000.

Caffyns said the proceeds will be applied in reducing the company's borrowings and for reinvestment in its business.

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