Busy Scarborough pharmacy changes hands through Christie & Co
Specialist business property adviser, Christie & Co, has announced the sale of Midway Pharmacy – Ramshill Road in Scarborough, North Yorkshire.
Midway Pharmacy is a well-established, modern pharmacy unit dispensing an average of 7,300 items per month. The business is ideally located on a busy high street in Scarborough, with corner frontage and modern signage giving excellent visibility from the roadside.
It was part of a group of four business trading under the same name, with two in Scarborough and two in West Yorkshire.
The previous owner decided to sell to concentrate on the company’s businesses closer to home in West Yorkshire. A spokesperson for the company, said, “Christie & Co has been very professional and instrumental in the sale of our branch on Ramshill Road. We are now in a position to focus on our existing branches closer to home and continue to work on expanding our brand within West Yorkshire.”
Midway Pharmacy has been purchased by Aston Chemists Limited. Speaking on behalf of the company, Mr Zafar Iqbal comments, “We have owned three pharmacies in Scarborough since 2010, having previously traded for over 25 years in Lancashire. Midway Pharmacy was adjacent to one of our branches and it made sense to consolidate the two pharmacies under Aston’s while we had the opportunity. Astons are well-established in Scarborough and have five other stores around Lancashire, Warrington and Glossop. We look forward to developing pharmacy services in Scarborough with our new and existing teams.”
Jon Booth, Associate Director at Christie & Co, who handled the sale, comments, “Midway Pharmacy Ramshill Road is a strong performing high street pharmacy in a highly prominent location. The buyer’s existing businesses within the town make this a particularly good acquisition for them strategically, and we wish them the greatest of success.”
Midway Pharmacy was sold at an undisclosed price.
For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Executive
P: 020 7448 8849 or E: phoebe.burrows@christie.com
Contact the agent:
Jon Booth, Associate Director
P: 07703 607 122 or E: jon.booth@christie.com
