Christie & Co has announced the sale of Adel Pharmacy in Leeds, West Yorkshire.

Adel Pharmacy is a well-established, standard-hours community pharmacy that dispenses an average of 4,039 items per month.

It sits within the Adel Health Hub in the affluent North Leeds suburb of Adel and is neighboured by a number of private ancillary health providers including a private GP, physiotherapist, and an aesthetics clinic.

The pharmacy was previously owned by M&B Healthcare Ltd, which has a portfolio of nine other pharmacies in the North West of England.

The group decided to sell this branch as part of a strategic review of its portfolio.

Following a confidential sales process with Tom Young at Christie & Co, and with funding sourced through Alena Ray at Christie Finance, it has been sold to northern-based, SAAAI Pharma Ltd, which is owned by five pharmacists led by Shahbaz Mirza and Abbas Fazal.

The new owners plan to build on the success that M&B Healthcare Ltd built at the pharmacy and introduce new, additional private services.

Peter Burrows, owner at M&B Healthcare Ltd, said: “When we had a strategic review of our group, we saw Adel as an ideal site to dispose of, due to it sitting outside of the geography of our other branches which are based in the North West.”

Mirza adds: “We decided to purchase this pharmacy due to its convenient location close to home, which not only supports ease of management, but also aligns with our desire to serve the local community.

“Another key factor in our choice was the limited competition in the area, presenting a unique opportunity to strengthen our foothold in the market.”

Adel Pharmacy was sold for an undisclosed price.