Maximise Your Surgery Income – Pharmacy Rent Review

Are you looking at succession planning, partner ‘buyouts’, seeking to potentially release equity from your premises or having discussions around a new development to meet your growing needs? If so, you will no doubt be very familiar with the Sale and Leaseback and 3PD concepts.

But there is a new alternative mechanism which can also support the delivery of new ‘GP owned’ 3PD style developments which are de-risked.

GP practices letting space to pharmacy tenants, either integral with their building or co-located at the GP practice, should remember to review their rental income. It is essential to ensure you are receiving the correct rent for the pharmacy space that you are leasing.

Your lease will most likely contain a rent review provision whereby, you (the landlord), have the right to review the current rent paid. It is critical to know when your pharmacy rent reviews are due. The frequency will be detailed within the lease contract and is usually every 3 years.

BW Healthcare Surveyors are a leading firm of Chartered Surveyors who specialise in providing expert advice on rent reviews and lease negotiations for pharmacy premises integral or adjacent to GP surgeries.

The rental valuation of a co-located pharmacy is highly specialised and more traditional methodologies of retail property valuation do not apply.

BW Healthcare Surveyors provide a free assessment of the existing rent and will act on your behalf to manage the process and negotiate an increase.

Email: Will Ellis, Business Development Director for an informal discussion.

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