New Pharmacy Leases & Renewals

NEW PHARMACY LEASES & RENEWALS

The importance of structuring a new lease in a way which protects the interests of the tenant is often not fully appreciated by pharmacy operators. Before entering into a long term lease agreement, tenants should seek advice and representation in such matters because the terms of a new lease agreement will usually have a long lasting impact on the viability of the pharmacy operation from the property. By ensuring that the lease terms are correctly structured, the tenant can be assured that the long terms viability of their occupation properly protects their position. In addition to the lease rent, negotiation of terms such as the rent review clause, the lease length and the break clause are often important in protecting the position of the tenant.

Bryan has extensive experience in negotiating both new lease and lease renewals on behalf of pharmacy operators in units co-located with GP Practices.

Related case studies

No case studies found

There are currently no published case studies for this service. Please contact us directly to discuss how we can help you!

GP SURGERY PHARMACY IMPLANTS

If you have space in your surgery (or are able to extend) then you can partner with a pharmacy operator (or other complementary provider) who can provide you with a valuable source of rental income and – in some situations – pay a capital premium to the practice for the right to enter into a long-term lease agreement.

Wootten Dean understands the need for GP practices to make full use of their property assets, and as a result of their strong track record of negotiating property leases with pharmacy operators, is well placed to work with practices. We can help practices in the following situations;

If you are a practice who already owns your building and have a pharmacy operator as a tenant, then we have the experience and expertise to represent you during the lease rent review to ensure that you receive the full amount of rent due to you according to the lease.

If you own your surgery, then we can help look at the possibility of either reconfiguring or extending your surgery to create a pharmacy which in addition to improving services to your patients could prove to create a significant long term rental income for the practice.

We would be delighted to talk to any practice who are considering this possibility.

For a brief, informal chat about how we may be able to help you

e: bryan@woottendean.co.uk Please call t: 01904 410810

ABOUT US

Wootten Dean is an established property consultancy led by Bryan Wootten who has over 20 years of experience as a valuer and general practice surveyor. Bryan is an RICS Registered Valuer who deals with a range of property types and has a special interest and focus on the NHS primary care environment.

QUICK LINKS

HOME
ABOUT
DEVELOPERS
PRIVACY POLICY