The specialist broker today (June 12) announced that it has been instructed to sell Sylvia Williams Chemist in Cowbridge in the Vale of Glamorgan, Wales, which is now on the market with a leasehold asking price of £1.5m.

Read more: South Yorkshire 100-hour community pharmacy sold for ‘premium price’

The business was owned by Kate Thomas and her family for “over 40 years” and has been brought to market to “allow her to retire from the business and concentrate on other interests”, Christie & Co said.

The “established” pharmacy dispenses an average of 12,500 items per month and is “very well-located on the main high street of the highly desirable Vale of Glamorgan market town of Cowbridge”, it added.

 

“One of the best locations in South Wales”

 

The sale also comes with the opportunity to acquire the “substantial freehold property known as the ‘Great House’”, Christie & Co said.

Director of medical at Christie & Co Jonathan Board, who handled the sale, added that the “freehold of the building, which is listed and has an interesting history, is also available by separate negotiation”.

Read more: Goodwill valuations: How much is my pharmacy really worth?

“The opportunity to live and work in one of the best locations in South Wales West does not come around very often so I am delighted to be able to offer this business for sale, particularly as it has been in the same family ownership for such a significant amount of time,” he said.

 

“Right in the heart of the high street”

 

Mrs Thomas said that Cowbridge “has been a wonderful place to live and work” because it “manages to be a very upmarket place while remaining close to its agricultural roots”.

The town “has a wonderful community spirit and has more than once been voted the best place to live in Wales”, she added.

Read more: ‘Impressive’ Lincolnshire pharmacy sold after ‘just three weeks’ on the market

Mrs Thomas said she has been “very happy” in Cowbridge and that her children were “lucky to have one of the top state secondary schools in Wales on their doorstep”.

“Our pharmacy is right in the heart of the high street and is a very important part of the community”, she added, saying that it has been “a pleasure to serve [its] patients over the years”.

“We have had many happy years here and hope the new owners will enjoy working here as much as we have,” she said.

Read more: Pharmacy buyer registrations ‘rocketed by colossal 202%’ in 2023, broker reveals

It comes as Christie & Co announced earlier this month that a 100-hour community pharmacy in South Yorkshire has been sold for a “premium price” thanks to its high dispensing volumes.

Stone Pharmacy in Barnsley, South Yorkshire, was sold to an existing operator whose owners had previously locumed for the business.