Specialist business property adviser, Christie & Co, has sold High Green Pharmacy in Sheffield.
Established in 2013 by Manish Gupta and Partners, High Green Pharmacy is a 72-hour community pharmacy that dispenses an average of 9,300 items per month. It sits within a Morrisons Daily convenience store and is located on Wortley Road, a residential street in the village of High Green, Sheffield, 150 yards away from a medical centre.
Following a confidential sales process with Tom Young at Christie & Co, and funding sourced through Alena Ray at Christie Finance, it has been sold to first-time buyer, Osman Zarroug, of Pharmatique Health Ltd.
Manish Gupta, co-founder of High Green Pharmacy, said: “Having set up the pharmacy 12 years ago, it was a tough decision to sell, but I believe we have found the right buyer to hand the pharmacy over to. I wish Osman all the best for the future.”
Osman Zarroug, the new owner of High Green Pharmacy, added: “I am very pleased with my first pharmacy business and look forward to welcoming new and existing customers. I have been looking for a pharmacy for a while, and High Green seemed like a perfect fit from the moment I first saw it.”
Tom Young, senior business agent – pharmacy at Christie & Co, said: “High Green Pharmacy was a unique opportunity with it being situated in a convenience store, and I was unsure how the market would perceive this.
“However, I was delighted with the response received, which resulted in multiple offers, all of which were above the guide price, which shows the high demand for pharmacies in South Yorkshire. I wish Osman all the best with the business moving forward.”
