Kent town pharmacy sold for the first time in almost 40 years
Specialist business property adviser, Christie & Co, has announced the sale of N.B. Pharmacy in Gravesend, Kent.
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N.B. Pharmacy is a standard hours community pharmacy that dispenses an average of 6,393 items per month.
The business has been owned by Nirmal Bajaria for 39 years and was recently brought to market to allow him to pursue a well-earned retirement. Following a confidential sales process with Christie & Co, it has been purchased by first-time buyers, Venkat and Preeti Adama, from Essex.
Pictured: Venkat Adama, Mark Page, Nirmal Bajaria
Nirmal Bajaria, former owner of N.B. Pharmacy, comments, “Having run the pharmacy for around 39 years, it was a difficult decision to put the business up for sale. I was very pleased with the high number of viewers and feel delighted that a young family bought my pharmacy.”
Mark Page, Director – Medical at Christie & Co, who handled the sale, comments, “The pharmacy received multiple bids due to its prominent trading position, proximity to the local surgeries and the main M2 motorway, as well as the potential of the business. I’m delighted for Venkat and Preeti, who I feel are a great fit for the area and will introduce some fresh ideas to the pharmacy. I also wish Nirmal a very happy, long, and well-deserved retirement.”
N.B. Pharmacy was sold for an undisclosed price.
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For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Manager
P: 07540 063 598 or E: phoebe.burrows@christie.com
Contact the agent:
Mark Page, Director – Medical
P: 07764 241 279 or E: mark.page@christie.com
Visit Christie & Co’s Business Search page to find out more about current medical listings.