Nottinghamshire chemist dispenses retirement plan with sale

Business property adviser Christie & Co has announced the sale of Shally’s Chemist in Nottinghamshire for an undisclosed price.

The pharmacy has been owned by Shally Suri of Shally’s (Nottingham) for over 25 years but was put up for sale to facilitate the owner’s retirement.

After a sales process led by Carl Steer at Christie & Co, and with funding arranged through Gary Boyce at Christie Finance, the pharmacy has been sold to Mizan Choudhury, a first-time buyer from Birmingham.

Located in New Basford in Nottingham, Shally’s Chemist is a community pharmacy that dispenses an average of 4,200 items per month.

Carl Steer, director 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.’’