NMA continues 20 year relationship with expanding practice

Posted on 10 August 2016.

Neil Mason Associates has been appointed to provide property advice and consultancy for Lakeside Healthcare as it merges with four new GP practices. NMA has provided capital valuation reports and planned preventative maintenance (PPM) schedules for each of the merging medical centres. This follows from a merger in 2015 with several practices where NMA also provided valuation reports and PPM schedules.

The merger, with 3 practices in Stamford and 1 in Oundle, will mean that Lakeside Healthcare will now operate from 8 different properties and serve the needs of 100,000 patients across 4 counties.

The 8 properties, all of differing ages and methods of construction, require considerable oversight and financial planning. The valuation reports and PPM schedules provide a clear view of the value and state of each individual surgery at the point of merging and provide the practice team with clear figures to be fed into their financial records.

“To provide an excellent level of care for all our patients, it’s vital that we have a clear picture of the state of our premises and the cost of maintenance and upgrade works going forward,” explains Janita Mackin, Finance and Practice Director at Lakeside Healthcare. “We’re delighted to be working again with Neil Mason Associates. We’ve worked with the firm for over 20 years now and have always found their advice and common sense approach invaluable.”

“It’s a very exciting time for Lakeside Healthcare,” adds Tom Mason, Director at Neil Mason Associates. “Maintaining the value inherent within the surgeries themselves and investing in improvements is key to underpinning strong community healthcare.”

The PPM schedules provide accurate data identifying the type of maintenance and upgrade works required to the different properties at various times over the next five years. This covers the fabric of the building including repointing and roof repairs as well as internal finishes such as decoration and recarpeting. The report gives recommendations as to the urgency of any work and also highlights the costs per year, giving the practice a clear view of the financial investment required over that period.

For more information about valuations and planned preventative maintenance schedules for both commercial and healthcare properties, please call Tom Mason on 01604 799010.