One of England’s highest dispensing pharmacies, located in South Shields, sold to NE Health Limited
Specialist business property adviser, Christie & Co, has announced the sale of Horsley Hill Pharmacy in South Shields, Tyne and Wear.
Horsley Hill Pharmacy is a busy community pharmacy which dispenses an average of circa 24,000 items per month, ranking it around the sixtieth highest dispensing pharmacy in England.
The business is located in Horsley Hill Square, a shopping complex in a residential area of South Shields, Tyne and Wear. It benefits from being next door to Marsden Road Health Centre, which has 12 GPs and 13,850 registered patients.
Previously owned by the owner for the last 25 years, the pharmacy was brought to market as a retirement sale. It has been sold to a small local group, NE Health Limited, which already has another pharmacy in the town.
Karl Clezy, Director at Christie & Co, who handled the sale, comments, “This was a confidential sale where we targeted a select list of buyers who we knew would be interested in such a rare opportunity in the Tyne and Wear area. Interest was strong and resulted in a best and finals deadline. Three experienced operators were very keen to acquire this pharmacy due to the growth potential the business has, particularly on the additional services the pharmacy could provide to the local community.”
Horsley Hill Pharmacy was sold for an undisclosed price.
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