This site is intended for health professionals only

Home / News / London pharmacy sold for half a million pounds

London pharmacy sold for half a million pounds

By Léa Legraien

23 Jul 2018

A London pharmacy has been sold for more than £500,000.

First Care Pharmacy in Thamesmead, London, was sold by specialist business property adviser Christie & Co for an undisclosed sum after being on the market at an asking price of offers in excess of £500,000.

The undisclosed local purchasers currently operate in the pharmacy sector, according to Christie & Co.


‘Drive the business forward’


The buyers said: ‘We will look to work closely with the local surgery and build on all the good work that has already been happening at First Care Pharmacy.

‘The intention is to use our experience and local knowledge to drive the business forward for the benefit of Thamesmead residents.’

The previous owners, who ran the pharmacy for seven years decided to sell their business to ‘concentrate on other business ventures’.


‘Demand for pharmacies’


Commenting on the sale, Christie & Co director Mark Page said: ‘This sale demonstrates the demand for good quality pharmacies in London as Christie & Co continues to receive multiple offers on most pharmacies brought to the market.

‘First Care Pharmacy received a number of strong offers from first time buyers and existing operators alike.

‘We are delighted for the new owners and wish them all the best for the future of the business.’

Want news like this straight to your inbox?

Latest News

LloydsPharmacy makes Type 2 diabetes testing service free for one week
LloydsPharmacy has made its Type 2 diabetes testing service free for Diabetes Week 2021, the...
Further measures needed to tackle medicine shortages, pharmacy bodies urge
Several pharmacy bodies have said the serious shortage protocol (SSP) does not go far enough...
Well Pharmacy appoints new superintendent as Janice Perkins steps down
The pharmacy superintendent of Well Pharmacy, Janice Perkins, has stepped down after 15 years in...