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Both improvements and developments should result in increased rent reimbursement for the GP practices who own the site. Given rental income is a major factor in determining the capital/sale values for GP surgery sites, increases in rent in turn can increase the value of the property.
Extensions and most major improvements ALWAYS require the prior approval of the NHS before any works commence. If you do not secure prior approval, it is likely that the practice will not receive NHS rent reimbursement (notional rent/current market rent) on the new accommodation/improvements.
Our specialist GP surveyors can provide help and support throughout the whole development process. From the completion of a business case or project initiation document (PID) through to negotiation with the NHS/District Valuer for the reimbursement of rent. Depending on the complexity of the development other specialist consultants may be required, for example architects, planning consultants, specialist PID writers and project managers. We can recommend suitable consultants to help with these projects.
So before you start your development or improvement get in touch with one of our specialist primary care experts about how we might be able to advise you.
We can boast some of the biggest primary care providers in the UK as clients and we have helped and supported PCNs, GP federations and LMCs all over the UK.
Our specialist primary care team have already provided help and support to more than 1,000 GP practices and larger medical centres since the company was launched in 2017.
All our Chartered Surveyors and RICS registered valuers are specialist primary care surveyors and members of the RICS which means they are fully qualified and regulated by the Royal Institution of Chartered Surveyors.
Sue Pyatt, Practice Manager
Francis Mulhern, Bretton Medical Practice Peterborough
Dr Adnan Mohammad, GP Partner, Newsome Surgery, Yorkshire
Jill Foster, Practice Manager, Beacon Primary Care, Lancashire