Long-term client Priorslegh Medical Centre, Cheshire benefits from another Notional Rent review
Having just received the practice’s latest CMR6 from the NHS, Lindsay Bates, the Practice Manager of Priorslegh Medical Centre, got in touch with GP Surveyors. Even though the reimbursement figures had increased since the previous review Lindsay knew it was always best to have a specialist surveyor double-check.
As GP Surveyors have been securing notional rent increases for the practice since 2011, we were Lindsay’s first port of call. With a no increase no fee basis there was literally nothing to lose.
Laura Dews, one of our highly experienced Client Managers was more than happy to talk Lyndsey through our service and the process before confirming her instruction. Once instructed Clare Kersey (MRICS | RICS Registered Valuer), Associate Director of Surveying got to work.
Having visited Cheshire to carry out a detailed inspection of the practice Clare went to work analysing GP Surveyors database of evidence and comparing Priorslegh Medical Centre to other practices in the local area. Clare established the main factors in the case that required negotiations with the District Valuer (DV). The DV is a surveyor who acts on behalf of the NHS in negotiations. The main areas for dispute were the floor area eligible for reimbursement and the unit rate attributed to the surgery.
Clare went through detailed negotiations with the District Valuer and was able to secure a favourable outcome for Priorslegh Medical Centre. The DV agreed on an increase in all unit rates and a 12.7% increase in the area of the first floor which was eligible for rental reimbursement. The outcome was that Clare was able to secure a 5% increase above the Notional Rent figure given by the District Valuer.
For Lindsay and Priorslegh Medical Centre, the 5% increased rental income was a great win. For a notional rental reimbursement of this size, a 5% increase boosted the income of the practice substantially. Thanks to GP Surveyors’ Notional Rent Review service and Clare’s expertise, the surgery was able to maximise its rental income and improve its overall financial health.
Lindsay and the Partners were extremely pleased with the result.
“We found the process very easy from start to finish and the support from the team was very good. There was little input required from us and the outcome was very positive”.
Lindsay Bates – Practice Manager
Review your GP practices Notional Rent
We hope you have found our Cheshire GP practices Notional Rent case useful, see practices case studies from your area here.
If you would like GP Surveyors to carry out a Notional Rent review for your practice, or you have any further questions please contact our team today.