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..

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We are a four Doctor General Medical Practice in Guildford and have  just successfully concluded a sale-and-leaseback project on our premises.

Throughout it we have been admirably guided and supported by Rosemary Jones of Invicta Surveyors. From the beginning it was clear that she possesses a wealth of experience in this specific field. Her knowledge was always spot on and her responses to all our inexperienced questions were answered promptly, accurately and in a clear, understandable and non-patronising manner.

Furthermore Rosemary has a wide range of relevant contacts in this area and put us in contact with a similarly excellent lawyer in the field. From Surveyors to Lawyers to NHS representatives, it seems she knows, or has worked with in the past, practically everyone relevant.

From the start we were confident that we were in a safe pair of hands-and so it proved to be.

All of this was delivered in an optimistically unflappable and personable style. This gave us great confidence when progress waxed and waned and problems arose.

I have no hesitation in praising Rosemary Jones and commending her for similar projects.

Dr Ian Ewart , Senior Partner  Austen Road Surgery  Guildford


Senior Partner, Austen Road Surgery, Guildford

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