Wootten Dean has a comprehensive understanding of this process and is well placed to ensure that practices receive full market value in such a transaction.
The changing size and value of GP surgeries has meant that for some practices property ownership is seen as a burden, not least because the scale of debt required to buy into practice premises can become an obstacle to prospective partners. Because of this, many practices choose to sell their ownership of a surgery and ‘lease back’ the property to realise the value in the property.
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Wootten Dean is an established property consultancy led by Bryan Wootten who has over 15 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.