New customer impressed with their GP surgery Market Valuation
Ms Patel, the Landlord of Furzton Surgery located in Milton Keynes, was in need of a Market Valuation for the practice. The primary reason for the valuation was accountancy purposes. After extensively researching healthcare surveyors, Ms Patel reached out to the GP Surveyors via phone. Paul Hardman, one of our dedicated specialist Client Managers, promptly addressed her enquiry.
Paul introduced Ms Patel to the nuances of our Market Valuation service. Following their discussion, a detailed service letter was dispatched to Ms Patel, laying out the service specifics and associated fees. After carefully reviewing the letter and benchmarking against other providers, Ms Patel decided to instruct GP Surveyors. Laura swiftly coordinated with Dave Smith, one of our seasoned valuation surveyors, to begin the valuation.
Dave meticulously gathered all pertinent details about the property and drew up Ms Patel’s terms of engagement to detail the exact basis of the valuation of Furzton Surgery. Subsequently, Dave conducted an on-site assessment at the premises, performing a comprehensive ‘Red Book’ valuation as per the standards of the Royal Institute of Chartered Surveyors (RICS). Utilising GP Surveyors’ expansive database of GP property valuation evidence, combined with his vast expertise, Dave crafted a comprehensive Market Valuation report. This report detailing the value of the property and his reasoning.
Throughout the process, Dave’s commitment to timely delivery was evident, ensuring Ms Patel could move forward as intended.
Ms Patel commented:
“I am very happy with our valuation of Furzton Surgery carried out by GP Surveyors´ David Smith. David and Paul Hardman (Client Manager) are very helpful, promptly answering every query about my valuation. When I have other valuations due, I am definitely going to use GP Surveyors. I am very impressed with your services and compatibility.”
Understanding the importance of GP Practice Market Valuation:
It’s wise to secure a recent Market Valuation when considering the acquisition or sale of a primary care facility. Engaging expert primary care surveyors is crucial for such evaluations, given that the valuation criteria for a GP surgery diverge from typical commercial properties. Usually, a healthcare surveyor would assign value to a practice based on factors like rental income, for instance, Notional Rent. Having access to similar GP practice rental income in the vicinity of the subject property is paramount to a surveyor in order to produce an accurate Market Valuation. Seasoned healthcare surveyors, equipped with a wealth of current comparative data, are best positioned to deliver a reliable Market Valuation.
Should you wish for GP Surveyors to undertake a market valuation for your establishment or if you’re seeking further information, please contact our friendly team today.