Boosting GP Surgery Income Paul Conlan MRICS, Operations Director, RICS Registered Valuer T: 0114 281 5850 I E: pc@gpsurveyors.co.uk I www.gpsurveyors.co.uk

Maximising Surgery Income (NHS Reimbursement) Notional Rent Ask a specialist to check your reimbursement This is the easiest way to generate extra income Currently around 70% of the Notional Rents we check lead to an increase in reimbursement for the practice Cost Rent to Notional Rent Switch This can be done at anytime, you do not have to wait on NHS providing you a figure. However, once you elect to move you cannot go back and thus it is important that you seek suitable advice from the outset.

Maximising Surgery Income (NHS Reimbursement) Actual Rent Seek assistance to ensure that your NHS Rental Reimbursement is sufficient to cover your Actual Rent. Due to the building being owned by a third party it is difficult to easily generate extra income from Leased premises Checks are required around the conditions of your Lease as well as the impact of the new income stream upon your NHS Reimbursement

Maximising Surgery Income (Other Income) Pharmacy - Existing (rent review) Ask a specialist to check your Lease and provide advice. Dealing with Rent Reviews with Pharmacy Operators and their agents requires specialist knowledge and information. - Implant (new opportunity) This could be a valuable source of additional income. It is not unusual for Practices to enter into deals with operators without specialist advice. However, the deal rarely compares to what they could have obtained with suitable representation.

Sale and Leaseback Equity release & removes buy in Importance of Lease Terms Not a solution for everyone – individual circumstances need considering and can be timing issues (redemption penalties) Seek advice from specialists

For additional information and advice contact: GP Surveyors 0114 281 5850 pc@gpsurveyors.co.uk www.gpsurveyors.co.uk