First-time buyer snaps up corporate pharmacy in Warwick

This Day Lewis Pharmacy is a standard hours community pharmacy that dispenses an average of 5,500 items per month. It is located in a residential suburb on the outskirts of  Warwick and benefits from being adjacent to Chase Meadow Health Centre in a busy mixed-use retail parade.

Following a confidential sales process with Carl Steer at Christie & Co, and with funding sourced through Craig Dickson at Christie Finance, the pharmacy has been purchased by first-time buyer, Mohammed Noor.

Carl Steer, Director – Pharmacy at Christie & Co, comments, “A dozen offers were received on this pharmacy with a sale being agreed inside 16 weeks for above the guide price. During the sales process, countless enquiries were received, showing the scarcity of opportunities in the area and the current strength of the market.”

Craig Dickson, Director at Christie Finance, comments, “We were delighted to arrange the finance which allowed Mohammed to secure his first pharmacy. The funding package was provided by a lender experienced in the sector who was keen to support first-time buyers.

“Mohammed qualified 12 years ago and has previously worked for both small and large multiple operators; however, he had been looking to acquire a pharmacy for some time and viewed the Day Lewis in Warwick as an ideal opportunity for him moving forward, where he can add value. Mohammed is also an Independent Prescriber and is looking forward to serving the local community.”

The Day Lewis Pharmacy in Warwick was sold for an undisclosed price.

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For further information on this press release, contact:
Phoebe Hill, Associate Director – Corporate Communications
P: 07540 063 598 or E: phoebe.hill@christie.com

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