Modern Birmingham medical centre with pharmacy investment heads to Bond Wolfe auction

A modern medical centre with generous parking and an adjoining pharmacy investment in a busy Birmingham suburb is set to go under the hammer in Bond Wolfe’s September auction.

The freehold, purpose-built property at 508-516 Alum Rock Road, Alum Rock, will have a guide price* of £1.1 million+ in the live-streamed auction on Thursday 11 September.

Ian Tudor, commercial auction director at Bond Wolfe, said:

“This is a superb and rare opportunity for medical operators, investors or developers to acquire a well-located, modern medical facility with on-site parking.

The adjoining Pal Pharmacy, let on a 15-year lease expiring in August 2040 at a current rent of £26,400 per annum, also offers an attractive income stream.

The main medical centre, which opened in 1999 and is currently vacant, provides 8,605 sq ft of accommodation across two floors, including consulting rooms, a minor operating theatre, meeting room and staff facilities, along with spacious reception areas and patient amenities.”

The property benefits from forecourt parking, three additional spaces in front of the pharmacy, and a secure gated car park at the rear for around 23 vehicles.

The site extends to approximately 0.33 acres and occupies a prominent position on the northern side of Alum Rock Road, a busy main route just three miles east of Birmingham city centre, well-served by public transport links.

Mr Tudor added:

“This location in a busy, diverse community and the property’s flexible layout make it suitable for a wide variety of alternative uses, subject to planning permission. We are expecting strong interest and competitive bidding from both investors and healthcare providers.”

Until recently, the property was home to the Fernbank Medical Centre, which served the local community.

The property is among scores of lots appearing in Bond Wolfe’s next auction, which will begin at 8.30am on Thursday 11 September.

The auction will be livestreamed via Bond Wolfe’s website, with remote bidding available by proxy, telephone or internet.

For more details, to arrange a viewing, download the legal pack or register to bid, visit https://www.bondwolfe.com/auctions/properties/, email auctions@bondwolfe.com or call 0121 312 1212.

*Each property is subject to a reserve price which may be different from the guide price. Please refer to the Important Information and legal pack(s) for further details and any additional fees which may apply.