Sale and Leaseback
The ongoing upheavals within the NHS are encouraging many older GPs to consider retirement. Where surgeries are owned by the Partners, there may be an option for the remaining Partners to buy out the retiring Partner’s share. Recruitment problems can be exacerbated by a reluctance (or inability) by a younger in-coming GP to raise finance to buy out that Partner’s share.
One option is to sell the freehold and take a leaseback of the building. We have had success in assisting GPs to realise the value of their asset, sometimes surpassing expectations on price.
The sale of premises can be a sensitive issue and is one which needs to be handled discreetly at times. We work closely with our clients to vet potential purchasers, the highest bidder not always being the best of future Landlords.
Prior approval of NHS England is required in advance of any sale. The economic landscape within the NHS requires a knowledge of the terms of the lease which are likely to be acceptable and we have a sound track record of achieving a smooth transition from property-owner to Tenant.
Call 01233 771946 for a no-strings consultation on how we might be able to help..