HEALTHCARE

The range of expertise includes valuations, rent reviews, sales and acquisitions, lease negotiations, development advice, sale and leaseback advice, investment sales, acquisition and property management. 

• Valuations
• Rent reviews
• Sales, lettings & acquisitions
• Lease negations
• New surgery development
• Notional rent
• Investment sale
• Sale and leaseback  

Valuations

We are one of the leading specialist firms of surveyors in this sector, operating throughout the UK and are the preferred valuers of a number of specialist lenders. We provide specifically tailored valuation advice to a wide range of clients including institutional investors, GP practices and NHS Trusts. We undertake valuations for a variety of purposes including:

• Secured lending for banks and specialist lenders
• Valuations for partnership purposes including partnership assets
• Valuations for notional rent
• Valuations for sale & acquisition 

Property Management 

Over the last 20 years we have expanded our Property Management department to include the management of specialist healthcare property. Our specialist department has developed considerable experience in acting for landlords and tenants with managing the unique aspects of such facilities. 

 

Investment Sales & Acquisitions and Leaseback 

We are involved in advising a number of specialist investors and doctors in respect of medical centre investment, sales and acquisitions. We have in recent years sold or acquired over £100 million of medical centre investments and always have a number of active investors looking to acquire medical centre investments. 

We can also help GP practices release the burden of property ownership by helping partners sell their ownership of a surgery and 'lease back' the property to realise the value and secure a long-term future with an investor. 

 

Development Advice

Dacres Commercial has provided development advice in respect of a number of new medical schemes, many of which have been GP lead. We have significant experience of all stages of the development of new primary care centres from site acquisition, through negotiations with the District Valuer, to final sign off when a building is completed. These schemes have varied in value from £1 million to £15 million. 

 

Rent Reviews 

General Practice Surgery tenants are now required by the Department of Health to agree rent reviews with their landlords before NHS England instruct the District Valuer to appraise any reimbursements of rent which may be due to the surgery.

We can help practices through what can often be a complex process. We undertake a significant number of surgery and pharmacy rent reviews throughout the UK for both landlords and tenants. These are notional rent reviews on owner occupied medical centres for either landlords or tenants. 

We also undertake rent reviews on pharmacies and other healthcare property in the sector.