Two Cambridgeshire pharmacies have been sold for a combined value of more than £1.4m.
Landsdowne and Dogsthorpe Pharmacies in Peterborough, Cambridgeshire, were sold by specialist business property adviser Christie & Co on 13 July for an undisclosed sum after being on the market at an asking price of offers in excess of £1.4m.
According to Christie & Co, the purchasers – father and son Pratap and Prashant Sisodia — are new entrants to the sector. They bought the pharmacies as ‘a share transfer’, it said.
Operating under the company O A Edwards Limited, the previous owners husband and wife Navin and Mala Patel had run the two pharmacies for more than 42 years before retiring.
Commenting on the sale, Christie & Co director Mark Page said: ‘When two attractive pharmacies such as this pair come to the market, there’s always going to be a frenzy of interest.
‘Our bespoke marketing campaign delivered multiple offers for this exciting group, which was in a tight geographical location in Peterborough in north Cambridgeshire.
‘We wish Pratap and Prashant the very best and feel confident they will continue to develop on all the good work carried out over the last 42 years.’