Derwent Practice – Malton, North Yorkshire
GP Surveyors negotiated a large £40,500 notional rent increase for a client in Malton, North Yorkshire:
The Derwent Practice in Malton, North Yorkshire is a large practice with 13 doctors. It has a patient list size of 20,000 and services patients within an 8 mile radius of the centre of Malton.
GP Surveyors were able to achieve a 34 per cent increase on the practice’s Notional Rent offer from the District Valuer taking it from £118,500 to £159,000, equating to a large £40,500 per annum increase.
“We decided to use GP Surveyors services due to their previous success rate for achieving Notional Rent increases for other surgeries”
The modern, purpose-built building is situated next to the Malton bus and railway stations and has its own car park. The rear of the building has been extended to provide both treatment and consulting rooms for the Practice Nurses, with a separate entrance and waiting area.
Lorraine Akers, Practice Manager at the Derwent Practice explains; “We were contacted by GP Surveyors via a phone call and decided to use their services due to their previous success rate for achieving Notional Rent increases for other surgeries”
“One of our skills is that we measure accurately, often increasing the District Valuers original area significantly”
“The increase will allow the practice to improve patient services and make improvements to the building for the benefit of patients and staff.”
“My advice to other GP surgeries who may be looking to challenge their DV valuation is to go for it, they have nothing to lose. GP Surveyors have provided an efficient, discreet service throughout the whole process”.
David George was the assigned Surveyor to this case. He explains “This case was particularly unusual due to the size of the surgery. This property is very large which can often mean that there is more scope for the District Valuer to make a mistake. The District Valuer and I were able to agree the area of the property relatively easily which shows that District Valuers trust our measurements. One of our skills is that we measure accurately, often increasing the District Valuers original areas significantly.”
“In our discussions the District Valuer admitted that he had been very conservative with his valuation and based on agreements we had already been able to reach in the area we were able to reach a settlement which truly reflected the quality of the property.”