Est GP business w/ owners remaining in NW Sydney in Iconic, heritage listed practice
About the Business
Heritage listed practice with 2x CRs and a nurse room, split level, with the waiting room and CR's on the ground floor and some storage/PM room upstairs.
The GPs are looking to sell the business and transition gradually to retirement. There are 6 car parks on the block of land with 3 more at the front. 2.2 FTE GP's are currently working at the practice including 2x owners each doing 4 days and another 2x P/T lady GPs. One of the P/T drs comes all the way from Wollongong to work (1.5 hrs drive each way) and she would probably not transition with a new owner as she is only doing a few sessions a week. This would give the new owner sessions to see patients, plus additional sessions from each of the owners as they too are looking to reduce their hours. Their goal is to continue working in the practice for the new owner doing 2-4 sessions per week for up to 3 years post settlement. Both of the ladies are looking to retire at 65 and have about 3 years left to work. None of the GPs are on contracts so a new negotiation would have to be reached if the new buyer wanted them to stay on.
For the right money the freehold is also available however, it is primarily the business that the owners are looking to sell so that they can start planning their transition to retirement in another 3 years’ time. Currently the rent is $6K per month and if the freehold wasn't sold, then a new lease would be created at the rate of 5.5% of the freehold valuation which would be $105,500 pa + GST + on-costs.
Upstairs is a room that is a PM room, with boxes and boxes of old pt files which need to be kept but the current owners can't see value in scanning. The facility was a 4-bedroom home and is quite lovely internally. The stair case is quite narrow and it would be difficult and costly to get a lift installed here. Nearby to a newly proposed train station in Cherrybrook, this precinct is set to be further developed with 500 Mirvac units proposed in this medium density zoning location.
The freehold was valued recently and can be purchased at $2.1M as a part of the transaction but is not a requirement of the business sale.
To enquire on this business visit www.linkbusiness.com.au/NSW08736 and click on "enquire now"
Ref: NSW08736 Sally Stuart Business Sales Consultant Phone: + 61 2 9899 1999 Mobile: +61 437 082 045 Email: email@example.com
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