After 145 years of trading, their Sydney Pitt Street Mall is closing down (building sold off) on 1 June and most items are mark down.
40% off skincare including QV, 40% shoe insoles, 40% vitamins, 40% suntan lotions to name a few.
https://www.smh.com.au/business/companies/soul-pattinson-put…
It was always pretty busy, but then again, welcome to Sydney city. Plus there aren't any Chemist Warehouses in the centre of town
There are 2 of them close by. One is directly across from it in midcity with another one 210m down Pitt St
Really? Goes to show how much attention I've been paying in the city! My bad
Yeah that price difference is a bit extreme but im willing to pay a bit extra at my local chemist over CW or priceline.
Better medical advice and service rather than the just stick the label on the meds type approach
The last time I try to get advice from a local chemist the pharmacist try to sell all the snake oils that he stock. I have to tell him the name of the medicine that i want. Pharmacist are not what they use to be. They are just sale reps for pharmaceutical companies now.
Not all chemists are the same mate - just like how there are good GPs out there and some bad ones
I wouldn't go back to mine if they were more like sales reps - there are good experienced pharmacists out there that care more for their customer's well being rather than the bottom dollar.
ps if he tried to sell u snake oil, sounds more like a naturopath approach rather than a sales rep for big pharma company. And if u don't like the service/advice your getting, try a different chemist until u find one that suits..
The property was worth too much for them just to sit the pharmacy on it. It was sold for $100M which means rent needed to be around $5M to make it worthwhile. And I can tell you now, no single pharmacy business out there can afford to pay that.
Yeah… but some businesses sit on valuable property, if they don't need the cash ad think that the value of the property will go up. It's kind of like investors who negatively gear… the income isn't worth it, but they are in it for the capital appreciation. The income from the business is just extra icing on the cake. :)
The same business can still benefit from any capital gains if they rent out the said property instead of running a business from it
i.e. macdonalds is like one of the worlds most successful real estate investment companies
![[NSW] Soul Pattinson Chemist (Closing Down Sale) - 40% off Skincare, Vitamins + More (Sydney - Pitt St Mall)](https://files.ozbargain.com.au/n/22/377022.jpg?h=d8f70126)
I am surprised they last this long after Chemist Warehouse became aggresive.
$20-ish for antibiotic vs $7 at CW, not generic crap, identical item.
Hmm… tough choices.