Ludlow

Prime Pharmacy Investment

In November 2022 Joiner Cummings acted on the sale of Lloyds Pharmacy unit in Ludlow on behalf of a private investor.

• Ludlow is a charming historic market town with a strong tourist economy and a highly affluent catchment population.
• The town has an excellent retail and leisure offering and is renowned for its rich architecture and concentration of medieval listed buildings which include Ludlow Castle.
• Ludlow has proven resilient throughout Covid-19 and has benefitted from recent trends including home working and domestic tourism.
• A prime purpose built (2015) attractive well configured modern double fronted unit.
•  Located in a prominent position within the constrained historic town centre within 50 metres of the main town centre car park.
• Let to the strong and defensive covenant of Lloyds Pharmacy Limited for a further 5.8 years, who being an essential service have traded throughout Covid-19.
•  Comprises the busiest pharmacy (by number of prescriptions) within Ludlow and in close proximity to the main GP practices.
• Low rental level provides good future prospects for income growth.
• Long term potential to split the property into two units, subject to necessary consents, and enhance the income.