PHARMACY RENT REVIEWS
Practices who own their building and have a pharmacy operator as a tenant can benefit from our experience and expertise to represent them during lease Rent Reviews and Lease Renewals to ensure they are receiving the best possible rent from the occupied space.
Pharmacies which are close to or integral with GP surgeries are valued by methods which are not applicable to other types of property and often command much higher rents than traditional retail properties in the locality. It is therefore important for GP practices to use valuers with experience in this specialist sector in order to maximise their rental returns from pharmacy tenants.
Before instigating a Rent Review (or Lease Renewal) BW Healthcare Surveyors will undertake a free assessment of your lease as well as inspect the property in order to determine the likelihood of an increase in rent. Should we believe you are losing out we will contact the tenant on your behalf and negotiate an appropriate increase.
BW Healthcare Surveyors team have considerable experience with helping GP Practices maximise their rental income from co-located pharmacies. We believe our no nonsense approach and competitive performance related fee structure will benefit all GP Surgeries.
If we are unsuccessful in achieving an increase in rent through our negotiations then we won't charge a fee. In short, there is no risk for a practice in allowing us to look at their pharmacy Rent Review or Lease Renewal.