Specialist business property adviser, Christie & Co, has sold Shally’s Chemist in Nottinghamshire.
Shally’s Chemist is a standard hour’s community pharmacy that dispenses an average of 4,200 items per month. It is located in the Nottingham suburb of New Basford.
The pharmacy has been owned by Shally Suri of Shally’s (Nottingham) Ltd for over 25 years and was brought to market to enable retirement.
Following a confidential sales process with Carl Steer at Christie & Co, and with funding sourced through Gary Boyce at Christie Finance, it has been sold to Mizan Choudhury, a first-time buyer from Birmingham.
Carl Steer, Director – Pharmacy at Christie & Co, said: “Some sales seem to attract the roller-coaster effect.
“Within four weeks of going live on the market, multiple viewings had been arranged and offers made with a sale being agreed upon for the goodwill and freehold within circa 10 weeks, sadly after many months of progress the finance for the would-be buyer was looking less than promising, so Mr Suri and I decided to seek a new purchaser.
“Within just two weeks a sale was agreed for a higher price than was previously agreed and the sale was duly completed within circa six months. The finance this time being brokered by Christie Finance. Appetite for pharmacies across all value ranges has very much returned and 2025 certainly looks encouraging for any would-be sellers.”
Shally’s Chemist was sold for an undisclosed price.
