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13 July 2021 | Pharmacies

Rothley Pharmacy in Leicestershire sold after 25 years through Christie & Co

Specialist business property adviser, Christie & Co, has announced the sale of Rothley Pharmacy in Leicestershire. Funding for the sale was sourced through Christie Finance.

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Rothley Pharmacy is a standard hours community pharmacy with a self-contained flat which dispenses and average of circa 5,500 items per month. The business is located in the affluent Leicestershire town of Rothley which sits just five miles from Leicester city centre, and it benefits from being within two miles of six GP surgeries.

The pharmacy was previously owned by Mr Amar Shah and family, who decided to sell after over 25 years of ownership. Mr Shah comments, “I was very pleased with the outcome and have to say it was a stress-free process (mostly!). Carl kept in contact from the first day until the last, and I always felt he was acting in our best interest at all times.’’

Rothley Pharmacy has been purchased by Pharmacist brothers, Mr Anup and Mr Rahul Patel. This is the pair’s fourth pharmacy purchase so far, with three in Leicestershire and one in Warwickshire.

Carl Steer, Director at Christie & Co, who handled the sale comments “Handling the sale for anyone retiring is always a pleasure but doubly so when dealing with such a lovely family. We bid them a long, happy and healthy retirement. The buyers purchased their first pharmacy through Christie & Co and now own four pharmacies and are seeking more.”

David Ward, Senior Director at Christie Finance, comments, “It has been a pleasure to work with Rahul and Anup again to help them purchase their fourth pharmacy in Leicester. The level of service that they provide to customers is of the highest standard and I am sure that the local community of Rothley will benefit greatly from this.”

Rothley Pharmacy was sold off an asking price of £640,000 plus freehold.
 

 
For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Executive
P: 020 7448 8849 or E: phoebe.burrows@christie.com

Contact the agent:
Carl Steer, Director – Medical
P: 07917 475 229 or E: carl.steer@christie.com