Northumberland town’s only pharmacy changes hands following 34-year ownership
Specialist business property adviser, Christie & Co, has announced the sale of Glendale Pharmacy in Wooler, Northumberland.
Glendale Pharmacy is an established community pharmacy that dispenses an average of 6,600 items per month. It lies completely unopposed in the attractive, small Northumberland town of Glendale, near the Cheviot Hills and 17 miles south of Berwick-upon-Tweed.
The pharmacy has been owned by Andrew Booth since 1990. He sold his other pharmacy in Belford through Christie & Co in 2022 and recently decided to sell Glendale to allow him to pursue a well-earned retirement.
Following a confidential sales process with Karl Clezy at Christie & Co, it has been purchased by Jagraj Randeva who owns a small group of pharmacies in Ashington and Newcastle upon Tyne. He was particularly interested in this pharmacy due to its unopposed, attractive location and good historical performance.
Karl Clezy, Director – Pharmacy at Christie & Co, comments, “Even since the start of the marketing process of Glendale Pharmacy, its trading performance has improved, increasing its script numbers and carrying out more additional/enhanced services. This has been particularly attractive for prospective buyers and bodes well for the future of the pharmacy.
“It has been great to sell both of Andrew’s businesses for him to allow him to retire from the sector. I wish him all the best and am sure that Jagraj will take Glendale Pharmacy to further success.”
Glendale Pharmacy was sold for an undisclosed price.
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For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Manager
P: 07540 063 598 or E: phoebe.burrows@christie.com
Contact the agent:
Karl Clezy, Director – pharmacy
P: 07885 813160 or E: karl.clezy@christie.com
Visit Christie & Co’s Business Search page to find out more about current medical listings.
