Leigh View Medical Practice were both delighted and surprised when GP Surveyors achieved a great Notional Rent increase for them, read their case study to see how it was achieved.
Leigh View Medical Practice had already received a Notional Rent increase for their 2011 review due to a recent extension that was completed on the premises.
Therefore, they were both delighted and surprised when GP Surveyors achieved a further increase for them of 11%!
Victoria Allen, Practice Manager at Leigh View Medical Practice, said: “The building had recently had an extension – completed shortly before the date of the DV’s review.
“It really didn’t seem worth the time and energy to start discussions with an external firm when the DV valuation was clearly not going to be very far out.
“I shared my thoughts with Paul Hardman (Client Manager at GP Surveyors) about this, but he assured me that all we would need to do was allow their assessor to pop in and look around. I agreed to let the GP Surveyors assessor pop in, but didn’t expect we’d hear anything more from them as it would not be worth their while to put forward a case for us.”
“What a lovely surprise to have money given for a change – that doesn’t happen very often at all … Thanks Paul and Team, for such a lovely surprise and very good news – much appreciated!”
Following this assessment and GP Surveyor’s negotiations with the District Valuer, Ben Oldfield (the GP Surveyor assigned to the case) achieved a Notional Rent increase of 11% for the surgery leaving them with an additional £48,300 over the 3 year period.
Victoria said she was “amazed”! She continued: “Right up until we got our final phone call from Paul, I suspected it was going to be an insignificant change (if any at all) and not worth the time that had been invested by GP surveyors. We achieved around £16K per annum increase and, as our DV valuation was backdated to 2011, we received a big lump sum payment of three times that.
“All GPs are worrying about the financial impact of the contract changes on the partnership over the next few years.
This cash boost will help massively in keeping things steady over the next year whilst we get to grips with the new contract arrangements / potential budget cuts. What a lovely surprise to have money given for a change – that doesn’t happen very often at all.”
Victoria concludes by telling people why they should use GP Surveyors to assess their Notional Rent: “You don’t have to meet with them, you don’t have to explain how things work in your practice. They come in very briefly, know what they are doing and what to look for, and they are experts in arguing their case to the District Valuer. I also found their approach to be a pleasant easy going one, and they didn’t come across as pushing for business.
Minimal input from the practice, very surprising results and very happy partners!
“Thanks Paul and Team, for such a lovely surprise and very good news – much appreciated!”
Our Leigh View Medical Practice case study illustrates what a difference double-checking your Notional Rent, with a specialist surveyor, can make. To book a Notional Rent review please contact us today and we will be happy to help.