Practice trapped by a lease
Dr Hugh Taylor's practice is being stymied from moving because its lease still has 70 years to run.
Previous partners agreed the long lease to help secure the long-term future of the practice in Ongar, Essex.
But Dr Taylor said the freeholder is now demanding an 'extremely high' sum for the practice to buy itself out of premises which are 'well past their sell-by date'.
He said: 'It's not big enough and has zero capacity for expansion. Our PCT accept we are in inadequate premises but we are in limbo.'
Dr Taylor said partners were now considering whether to persuade the owner to redevelop the existing site with a third-party developer, with whom rental income could be shared.
• Premises seminar, 3 November, Manchester – details, page 49