16 Northern pharmacy sites brought to market

The Hub Pharmacy has brought to market 16 of its Northern pharmacy sites with assistance from Property advisor Christie & Co.

The Hub Pharmacy Ltd, established in 2015 via a management buyout of MedicX Pharmacy Ltd with funding support from Bridges Fund Management, now operates five sites between Halifax and Southorowram.

These are among 16 nationwide sites including Warrington, Rochdale, and Greater Manchester.

All of the pharmacies are situated within health centres or are close to GP surgeries, and perform strongly with over 60 per cent of the estate achieving dispensing volumes significantly ahead of the industry average in England.

Financial director of Hub Pharmacy, Andrew Butterworth, said: “We established the business in 2015, starting from just nine sites. Six years later, we have created a portfolio of pharmacies with potential for further growth and are proud to be serving our local communities across the North of England.”

Tony Evans, head of pharmacy at Christie & Co, stated: “We are excited to have been instructed to offer 16 of The Hub’s pharmacies for sale.

“Occupying either health centre, health centre adjacent or prominent community positions, the pharmacies are part of one of the highest quality and well invested pharmacy estates in England and offer prospective purchasers the opportunity to acquire corporate-style pharmacies rarely available in the marketplace.”