Bedford Street Surgery, Market Valuation

BEDFORD STREET SURGERY MILTON KEYNES

Landlord  requires valuation of GP practice

The landlord of Bedford Street Surgery in Milton Keynes, Mr Patel, required a market valuation for asset management purposes. Having previously engaged GP Surveyors for two rent reviews, Mr Patel contacted them again.

On this occasion, Mr Patel spoke with Kelly Cooke, an experienced Business Development Manager at GP Surveyors. During the call, Kelly thoroughly explained the GP Surveyors Market Valuation service and provided terms of engagement for Mr Patel’s valuation. After considering the service and associated fees, Mr Patel instructed GP Surveyors to proceed.

Kelly then arranged for Dave Smith, a highly experienced member of the primary care surveying team, to visit the property. Dave conducted a ‘Red Book’ Royal Institution of Chartered Surveyors (RICS) Valuation, a comprehensive survey that includes detailed measurements, the creation of a floor plan, and photographic documentation of the property’s interior and exterior. This globally recognized inspection method adheres to RICS standards, ensuring accuracy and reliability.

Upon completing the survey, Dave compiled a detailed report outlining the practice’s value, along with his reasoning and supporting evidence.

Mr Patel was highly satisfied with the service provided by Dave and Kelly, expressing his gratitude by stating:

“We are extremely happy with our Market Valuation report. GP Surveyors are always very helpful with their valuation and rent review services. Excellent services provided by the GP Surveyors team.”

Whether you need a market valuation for asset management purposes, accountancy or partnership change, it is essential to obtain a current valuation before proceeding with a market valuation of a primary care property. Engaging a specialist primary care surveyor is crucial, as the valuation criteria for a GP practice differ from those of general commercial properties.

If you would like GP Surveyors to carry out a market valuation for your GP practice, or you have any further questions please contact our friendly team today.