The Rochdale Road Medical Centre in Manchester received a Notional Rent increase of 11% after GP Surveyors took up negotiations on their behalf, read their case study to find out how.
GP Surveyors have worked with a number of GP practices in Manchester to increase the level of reimbursement they receive. Our ‘no increase-no fee’ terms mean that Doctors really do have nothing to lose and everything to gain by instructing GP Surveyors to negotiate on their behalf.
The Rochdale Road Medical Centre in Manchester is one practice that has recently used GP Surveyors. Located in a converted residential property, the practice has three Doctors with a patient list size of 5,170.
“Everytime the valuation has been challenged an increase has followed”
Stefan Ilnyckyj is the Practice Manager. He explains; “We decided to use GP Surveyors as there was no financial risk to the practice if they were unsuccessful in obtaining an increase in Notional Rent.”
“One GP at the practice owns the premises so the increase has improved the return on his investment, and Notional Rent is also superannuable, this increasing his pension.”
“An excellent service”
Stefan continues; “Previous valuations have always been undervalued and every time the valuation has been challenged an increase has followed.”
“The process was made very easy. GP Surveyors undertook all the work whilst at the same time kept the practice informed of the status and progress made. An excellent service.”
GP Surveyors obtained an 11 per cent increase above the District Valuer’s offer for the Rochdale Road Medical Centre taking their rent from £36,350 to £40,500 per annum.
Paul Conlan, Managing Chartered Surveyor at GP Surveyors says: “GP Surveyors have a high degree of technical expertise within the Health Care Sector and a natural aptitude for negotiation. Combined with an extensive market transaction database, these attributes enable us to present a convincing case on behalf of our clients during Notional Rent discussions.”
“With a proven track record of successfully increasing the District Valuer’s notified figures in the Manchester area, we feel that we are ideally placed to provide a high-quality service to Doctors in this location.”
We hope you found our Rochdale Road Medical Centre Case Study useful. If you would like GP Surveyors to carry out an assessment of your Notional Rent, please contact the team today.