Little Park Surgery’s maiden Notional Rent review proves a success
GP Surveyors guided Simon Lovegrove (Premises Manager) and Dr Lynch (Partner) through their practices first Notional Rent review and successfully negotiated the Little Park Surgery in Middlesex a significant increase in their Notional Rent.
Simon explains why the practice chose to contact GP Surveyors: “In the past we have tried to negotiate an increase in our Notional Rent. Having significantly improved the building we were expecting an increase on our last review but having received the figures and after 12 months of trying to negotiate, we were disappointed to have achieved nothing. So we sought specialist help from GP Surveyors to manage the appeal process and we are so glad we did.”
Simon first spoke with one of GP Surveyors highly experienced Client Managers, who explained the Notional Rent review process and fee structure to Simon. As there would be no fee to pay, unless an increase was secured, the practice was assured they had nothing to lose and duly instructed GP Surveyors.
Simon commented: “At the start of the process we were informed that the review and negotiations with the District Valuer may take some time to complete, but we would be kept regularly updated and GP Surveyors would be pushing the process through for us.”
Nathan Young, one of GP Surveyors experienced Valuation Surveyors, was allocated the case and an inspection of the surgery premises was arranged. Once Nathan had carried out a full inspection of the surgery, he compiled his findings and compared the District Valuers (DV) initial Notional Rent valuation with GP Surveyors vast database of comparable evidence. Nathan concluded that there was sufficient evidence for GP Surveyors to challenge the DVs’ initial valuation of the surgery, on the practice’s behalf.
The basis for the case
The surgeries notified Notional Rent figure seemed out of line with the facts prevailing at the practice and GP Surveyors comparable evidence. The surgeries unit rate and car parking rate were lower than expected when compared to the evidence of similar surgeries in the surrounding area. Nathan also found a discrepancy in floor areas, eligible for reimbursement.
Having sent his case, along with supporting evidence to NHS England, Nathan began negotiations with the DV and was able to successfully secure an increase in the surgeries unit rate, car parking rate and reimbursable areas. The overall result was a 7% increase in Notional rent, above the DVs initial valuation. This increase resulted in a great boost to the surgeries’ annual income, which the practice was delighted with.
Dr Lynch commented: “GP Surveyors provided us with regular updates throughout the negotiations, they provide an excellent and independent service for assessing and negotiating Notional Rent with NHS England and the District Valuer. In our case, they successfully negotiated and achieved a significant uplift in our Notional Rent”.
Simon Lovegrove (Premises Manager) and Dr Lynch (Partner) concluded: “We have no hesitation in recommending GP Surveyors to the primary care market. They are an established company with a comprehensive knowledge of this market. They have the necessary expertise and skills to confidently negotiate in the best interests of practices.”
We hope you have found GP Surveyors, Middlesex Notional Rent Review case useful, see our full range of Notional Rent case studies here.