Professional Expert Advice

Pharmacy Rent Reviews & Health Centre Developments

Alliance Valuers are the only firm in the UK specialising in and dealing solely with rent reviews and lease negotiations of pharmacy premises integral or adjacent to GPs surgeries, and providing specialist expert advice to pharmacists tendering for accommodation at new health centre developments.

We act for both Landlords and Tenants and have a wealth of experience and an enviable track record of success in pharmacy rent review negotiations.

If agreement cannot be reached between Landlord and Tenant, we are highly experienced in representing clients in third party determinations dealing with both Arbitrators and Experts appointed by the RICS.

The rental valuation of health centre pharmacy accommodation is a highly specialist field and traditional retail property valuation methods do not apply.

Levels of rent in the sector are often very high by comparison with community pharmacy premises, and it is important to seek specialist advice from the outset if you are considering entering into what will often be a long term lease arrangement of up to thirty years.

Potential pharmacy business tenants often overlook the effect that a rent and/or lease premium agreement can have on future levels of business rates. Health centre pharmacy accommodation is a specialist section within the Rating List and once again, seeking specialist advice will usually save you money.

Our advice covers all aspects of health centre pharmacy projects, from location and premises size, through to GP prescribing analysis, rental valuation, advice on lease premiums, where applicable, and the drafting of pharmacy specific Heads of Terms of Agreement.

We work closely alongside clients solicitors and provide specialist bespoke pharmacy advice on the commercial aspects and clauses of leases.

Entering into a lease often involves legal undertakings and liabilities extending over a term of up to thirty years. As such, it is crucial to take specialist advice at the earliest possible stage.

Understandably, many pharmacists often find medical centre developments, pharmacy relocations and complex lease arrangements to be complicated and sometimes confusing. Please feel welcome to contact us if you would like an initial chat about your individual circumstances.