Practices are under increasing pressure to provide the best facilities for their community and we understand the commercial challenges faced by GPs. Our specialist team has extensive knowledge of the Premises Costs Directions as well as understanding the relationship with commissioners and the regulatory environment in which practices operate enabling us to advise on all types of property work.
How Capsticks can help?
- New Surgery Development
This includes all types of third party development schemes with all of the major investors and developers of primary care premises. We are familiar with the key hurdles that need to be overcome in order to deliver a successful scheme, and will work with you and your professional team to secure the best possible outcome for you. This requires a deep understanding of how these developments are funded and structured, as well as how GPs are reimbursed for the associated premises costs. We also have extensive experience of self-funded GP developments, which are usually financed via secured lending.
- Leases
We have extensive experience in advising practices on leases of varying size and shape, including leases between owner occupiers and medical partners, PropCo structures, and leases with private, NHS and other public sector landlords. We offer a complete service from legal advice on heads of terms, all the way through to completion.
- Refinancing
Many GP partners own their freehold or long-leasehold surgery premises subject to secured lending and can benefit from refinancing with a new lender. We have extensive experience of refinancing complex GP surgery premises and, in the course of doing so, resolving historic issues by taking a sensible and pragmatic approach. We regularly work with the most experienced brokers in the sector, and are familiar with the different approaches and processes that all of the major lenders take with regards to secured lending over GP premises.
- Intra-partnership transfers
Premises form one of the most valuable assets of any medical practice. Our experts can ensure effective transfers of property interests to reflect changes in the partnership and the grant of a new lease to the practice if retired partners continue to retain property as an investment.
- Sale and leaseback
We’re very familiar with sale and leaseback transactions, having advised practices across the country in deals involving all of the major investors in primary care premises and understand changes that practices may need to consider to accommodate succession changes in the partnership or refurbishment of premises.
- Premises Costs Directions
Advice relating to the Premises Costs Directions 2024, which govern how NHS rent reimbursement is provided to GPs for their premises costs.
- GP Disputes
Advising on all types of property dispute, whether with landlords and neighbours, and partnership disputes between partners.
