GP Surgeries Recent Activity

We have extensive experience working with GP businesses and have formally valued 433 practices, with a total value of c. £581 million in the last five years. Below are some recent examples of medical investment sales we have brokered...

Health Centre Investment, South Yorkshire - UNDER OFFER

Modern (last ten years), purpose built health centre
Accommodation over two floors
c. 50 parking spaces
GMS space of c. 675 sq m with a Notional Rent in excess of £100,000
Includes integrated pharmacy investment

Bupa Dental Care, Northumberland - COMPLETED

Two properties in Northumberland and Cumbria operated by Bupa Dental Care
Freehold interest sold off a guide price of £450,000 equating to a 7.05% yield
The sale enabled the freeholder to achieve a premium price for their properties due to the strength of covenant
Purchased by an experienced dentist, who concluded the sale in just one month

Private Hospital Investment Sale, Darlington - COMPLETED

Acting on behalf of Legal and General in the sale of their freehold investment interest in the BMI Woodlands Hospital
The hospital provides a range of services within a 56,747 sq ft building, with an unexpired lease term of 13 years at the time of sale
Completed in August 2020 following a highly competitive process to a major overseas investor for £29.4m
Deal completed within eight weeks of instruction

Woodland Drive Medical Centre, Barnsley - COMPLETED

Medical centre fully let to three GP medical practices, purpose built in 2014
Provides services to over 4,000 patients
The previous owner, Lo's Pharmacy, decided to sell in order to focus on other acquisitions
The centre was acquired by Assura, one of the UK's leading healthcare REITS, adding Woodland Drive to its portfolio of 553 GP surgeries

Press Release

East Bank Medical Centre in Sheffield sold

Specialist business property adviser, Christie & Co, has announced the sale of East Bank Medical Centre in Sheffield.

South Yorkshire medical centre sold through Christie & Co to Assura

Specialist business property adviser, Christie & Co has sold Woodland Drive Medical Centre, located in the South Yorkshire town of Barnsley, to Assura, a leading healthcare real estate investment trus...

Autumn Budget 2021 Response

On Wednesday 27 October 2021, the Chancellor of the Exchequer presented his Autumn Budget and three-year spending review to Parliament. Notably, this was his first Autumn Budget since the UK went into...

VALUATION | Lancaster Medical Group

Lancaster Medical Practice are an established GP practice in the North West. They operate from eight properties, seven of which are owned.

Testimonials

On retirement it was necessary to sell my practice premises. Although I had already found a suitable buyer whom I knew would be an excellent landlord for the practice, I decided to appoint Christies & Co to represent my interests and guide me through the rather complex sale and leaseback process. It was a pleasure to work with Chris Vowles. His knowledge and experience were invaluable in what turned out to be a very protracted process. Chris was friendly and approachable, providing me with much-needed support through the various obstacles that arose.
Dr Tim Hooson Seller East Bank Medical Centre
On retirement it was necessary to sell my practice premises. Although I had already found a suitable buyer whom I knew would be an excellent landlord for the practice, I decided to appoint Christies & Co to represent my interests and guide me through the rather complex sale and leaseback process. It was a pleasure to work with Chris Vowles. His knowledge and experience were invaluable in what turned out to be a very protracted process. Chris was friendly and approachable, providing me with much-needed support through the various obstacles that arose.
Dr Tim Hooson Seller East Bank Medical Centre