1. Management in Practice Property panel discussion
Sam Hopkins, Partner, Capsticks LLP
16 November 2016

2. Background: who owns GP premises?
Source: British Medical Association , National survey of GPs The future of General Practice 2015

4. When should property owners grant a lease?
Where you have third parties in occupation
A lease underpins the value in the property by securing a rental income stream
Gives certainty to the terms of occupancy
The only way to avoid business security of tenure

5. When should occupiers take a formal lease?
If the surgery is partnership property = not essential
If all of the owners are retired = yes
If the owner is any other third party = yes

6. Top tips on managing a sale and leaseback transaction
Obtain partner buy in.
Speak to NHS England early on in the process.
Engage a specialist surveyor to value the building, advise on lease terms and prepare heads of terms.
Ensure legal title to your property is clean and up to date.
Obtain financial and tax advice.
Ensure NHS England approve your heads of terms.

7. Top tips on managing a new development
Third party development (3PD) schemes.
Self-build.

8. Conclusions GP property transactions are a specialist area
Always keep your partnership deed up to date
Keep a cool head but be ready to call in the artillery when you need it…
Finally…

9. Contact details SAM HOPKINS Partner, Real Estate T 020 8780 4776E