GP Surveyors achieved a huge increase for Meddygfa Abersoch near Pwllheli, North Wales, after we valued the surgery and thought they were being underfunded compared to other surgeries in the area, read this case study to see how.
The surgery in Abersoch was purpose built in the early 1970’s and underwent extensive moderisation alterations in 1993.
Meryl Williams is the Practice Manager at the surgery. She explains; “We first became aware of GP Surveyors after one of our doctors met someone from the company at an event a couple of years ago. We were then contacted by Jon, who was our assigned Client Manager, who told me he could get the value increased.”
“The increase we have received means there is more money coming into the practice”
Through GP Surveyors skilled negotiation we achieved a 34 per cent increase for the surgery, increasing the District Valuer’s offer from £9,000 to £12,100.
Meryl continues; “The increase we have received means there is more money coming into the practice. Other surgeries should challenge their figure from the District Valuer as it will help them increase their income.”
“Essentially this means that a positive precedent has been cemented in North Wales, which is great news for us and our clients”
Liam Loudon was the assigned Surveyor on the case. He explains; “We based the final unit rate on a comparable agreement on a surgery close-by which was also a modern purpose-built surgery. We also looked at other surgeries that GP Surveyors had previously agreed in other North Wales coastal locations.”
“The District Valuer gave consideration to the previous agreements and adjusted the unit rate for Meddygfa Abersoch. Essentially this means that a positive precedent has been cemented in North Wales, as we seem to be using all of our own previous agreements as the only evidence on which to base new decisions, which is excellent news for us and our clients.”
Our Meddygfa Abersoch 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.