11/9/2022 | Pharmacies

Lossiemouth’s only independent pharmacy sold for the first time

Specialist business property adviser, Christie & Co, has announced the sale of Lossiemouth Pharmacy in Morayshire.

Lossiemouth Pharmacy in Morayshire

Lossiemouth Pharmacy is a well-established pharmacy which dispenses an average of 4,200 items per month. It is located in Lossiemouth in Morayshire and benefits from being the only independently owned pharmacy in the town.

Since 2002, the business has been owned by John Ross (Chemists) Ltd, and it was recently brought to market to allow the owner to concentrate on his other branches located elsewhere in north Scotland.

Following a confidential sales process with Christie & Co, Lossiemouth Pharmacy has been sold to Right Medicine Pharmacy Ltd, an independent group with over 30 pharmacy branches across Scotland including several in Moray, which plans to grow the business through the addition of more services.

Mike Embrey at Right Medicine Pharmacy Ltd comments, “This pharmacy was a great fit for our business, and we managed an easy and seamless takeover which we thank Christie & Co and John Ross's team for. It came with a well-established and enthusiastic support team that will help to embrace new pharmacy services and grow the business with their new pharmacy manager. We look forward to serving the patients of Lossiemouth and surrounding areas for the next 20 years!”

Karl Clezy, Director – Medical at Christie & Co, who handled the sale, comments, “This was a quick sale where we agreed a deal after only one week on the market. Several parties expressed interest in this branch, including a list of first-time buyers.”

Lossiemouth Pharmacy was sold for an undisclosed price.

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 – Medical
P: 07885 813 160 or E: karl.clezy@christie.com

Visit Christie & Co’s Business Search page to find out more about current medical listings.