St Stephens Chemist (St Stephens Road) in Leicester has been sold to a first-time buyer.
St Stephens Chemist is an established community pharmacy that dispenses an average of 5,150 items per month. It occupies the ground floor of a two-storey property in a densely populated residential area in Leicester.
The pharmacy has been owned by Mahesh Patel of Meritplan Ltd for over 20 years and was brought to market to allow him to retire.
Following a confidential sales process with Carl Steer at Christie & Co, and with funding sourced through Raj Patel at Christie Finance, the pharmacy has been purchased by first-time buyers, Frank and Dorothy Hemans.
Carl Steer, director – pharmacy at Christie & Co, said: “Proving, yet again, the strength of the market in Leicester and the county as a whole, this sale was agreed to first-time buyers for the guide price after just five weeks of marketing.
“A further two sales will complete in the county in the coming weeks, which are hot on the heels of two sales that completed in the North of the county in March and April. Sales prices typically range from £460,000 through to £1,250,000, with the majority selling to first-time buyers.”
Raj Patel, finance consultant at Christie Finance, said: “There is good lending appetite from banks, especially for first-time buyers. We were able to secure very competitive terms for Frank and Dorothy Hemans on their first acquisition.”
