Inaugural sale for Sheffield village pharmacy
Specialist business property adviser, Christie & Co, has announced the sale of High Green Pharmacy in Sheffield.
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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, just 150 yards away from a busy 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, who plans to expand on the solid foundations of the pharmacy and its services offering.
Manish Gupta, Co-Founder of High Green Pharmacy, comments, “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, comments, “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, comments, “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.”
Alena Ray, Director – Christie Finance, comments, “It was a pleasure to assist Osman with sourcing funding for High Green Pharmacy. Navigating the lending market as a first-time buyer can be complex, but with the right lender relationships and project management, I was able to structure a solution for Osman that aligns with his current and future growth plans. I am confident that High Green Pharmacy will scale new heights under Osman’s supervision and wish him and his team all the best.”
High Green Pharmacy was sold for an undisclosed price.
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For further information on this press release, contact:
Lydia Stewart, Junior Corporate Communications Executive
E: lydia.stewart@christie.com P: +44 77121 98994
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