Birmingham community pharmacy snapped up by first-time buyer
Specialist business property adviser, Christie & Co, has announced the sale of Medicare Chemist in Birmingham.
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Medicare Chemist is a standard-hours community pharmacy that dispenses an average of 8,618 items per month. It is located in Small Heath, an inner-city area in south-east Birmingham just two miles from Birmingham city centre.
The pharmacy has been owned by Prakash Nathwani for over 20 years and was brought to market to allow him to retire.
Following a confidential sales process with Carl Steer at Christie & Co, it has been purchased by local first-time buyer, Noor Ali Shah.
Carl Steer, Director – Pharmacy at Christie & Co, comments, “In the current market where sales can easily take over six months, it was nice to see a motivated seller and buyer with pharmacy specialist solicitors come together to conclude a smooth sale in less than the average timeframe. The buyer was keen to secure something as soon as possible after his previous purchase was cancelled after many months of progression.”
Medicare Chemist was sold for an undisclosed price.
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For further information on this press release, contact:
Phoebe Burrows, Associate Director – Corporate Communications
P: 07540 063 598 or E: phoebe.burrows@christie.com
Contact the agent:
Carl Steer, Director – Pharmacy
P: 07917 475 229 or E: carl.steer@christie.com
Visit Christie & Co’s Business Search page to find out more about current medical listings.