'I'm sure they'll work hard to benefit locals': Busy village pharmacy sold to 1st-time buyer

Dipton Pharmacy is a standard hours community pharmacy that dispenses an average of 9,150 items per month and offers a range of additional services, such as Pharmacy First and blood pressure monitoring.

Located in Dipton near Stanley, the site has been owned by Farah Chemists since 2010. It was brought to market to enable the owner to focus on its five Newcastle branches.

It was sold through a sales process with Karl Clezy at Christie & Co to Tammy Douglas, who will run the pharmacy hands-on as the pharmacist. Funding was sourced through Christie Finance.

Karl Clezy, director – pharmacy at Christie & Co, said: "I am pleased to sell another Farah Chemist pharmacy to a first-time buyer, who I am sure will work hard to improve its offering, which will no doubt benefit the local village.

“The pharmacy's dispensing volume - just less than 10,000 items per month – largely gained interest from first-time buyers due to its affordability, and is perfect for a new contractor to run it themselves."

Craig Dickson, director at Christie Finance, added: "I was delighted to arrange the finance which allowed Tammy to secure his first pharmacy. The funding package secured was with a lender experienced in the sector and keen to support first-time buyers."