New owner for established Inveraray pharmacy

Inveraray Pharmacy is a community pharmacy that dispenses an average of 1,700 items per month via a 16-hour dispensary contract. It is ideally located on the same street as a GP surgery, in the popular tourist area of Inveraray in the west of Scotland on Loch Fyne.

It has been owned by small group operator, Sanjay Mahju of Mahju & Mahju Ltd, since October 2016, and was brought to market to allow him to focus on his pharmacies in the Central Belt area.

Following a confidential sales process with Karl Clezy at Christie & Co, the business has been purchased by Murtaza Syed, a first-time buyer from Glasgow.

Sanjay Mahju, former owner of Inveraray Pharmacy, comments, “We are delighted that Murtaza has acquired this beautiful pharmacy. The local population will benefit from an owner-operator and Murtaza is a very able hard-working Pharmacist - he already launched his Pharmacy First campaign before the sale and is looking to provide more services. He is a great fit, and we are delighted with this sale.”

Karl Clezy, Director – Pharmacy at Christie & Co, comments, “I was pleased to assist with the sale of Inveraray Pharmacy for the second time in eight years. The pharmacy offers the new owner Murtaza an excellent lifestyle business that he can further enhance through promoting additional services such as the popular Pharmacy First scheme that will benefit the locals and the high influx of visitors to this picturesque part of west Scotland.”

Inveraray 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.