Average pharmacy prices rose by 12 per cent in 2016, says business property adviser Christie & Co, despite the impending funding cuts.
The company says that it achieved an average of 110 per cent of the asking price and had eight offers on each pharmacy sold. The company anticipates “a further raft of sales” as the funding cuts take effect but is confident that demand from buyers will continue.
Tony Evans, head of pharmacy at Christie & Co, commented: “The outlook for pharmacies, despite the potential funding cuts, is not bad at all. The sector continues to be a safe haven for private investors and family money, and banks are still keen to lend. Contractors will have to implement measures to compensate for losses to funding, but the outlook for 2017 looks positive.”