Traditionally, GPs have owned the premises from which they work. However GPs are quite understandably losing their appetite for investing in their own property.
Among the factors contributing to this move away from owner/occupying are:
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The changing nature of Primary Healthcare provision
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The requirement for larger and more specialist premises
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Problems with planning and change of use restrictions
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Lack of flexibility for partnership changes.
We are active in the purchase of surgery premises on a sale and leaseback basis, enabling GPs and other owners of surgeries to unlock the capital value in their premises and release themselves from the burden of property ownership.
With our specialist knowledge of the sector and long term investment strategy, we are best placed to actively assist in the sale and leaseback option, with standard documentation to smooth the legal process.
The Group has funds available immediately for the acquisition of Primary Care premises.
Benefits of taking a lease
Understandably you may still be concerned, having never taken a lease before. However, the benefits of our leases include:
- Full assignment rights for departing GPs are assured
- Lack of debt burden facilitates the introduction to the practice of new partners and the retirement of older ones
- You are absolved from all liabilities of ownership
- There is no risk to you of potential negative equity
- You are protected in that the amount you pay in rent is linked to the sum you are reimbursed
- We invest in the long term future of your practice and will assist you in adapting your premises to new requirements as they arise.
If you have any additional questions, please do not hesitate to contact us.
