There are many factors that determine lease price. Location is a big factor – for example, a building in a small country town that is similar to a building in the Sydney CBD will lease for much less. Then there are amenities, the grade of the clinic building, as well as external factors such as market forces of supply and demand, population growth, lease terms and vacancy rates, these are among the many factors (and more) which determine how much it costs to lease a clinic when you are buying a practice (encompassing goodwill and equipment). Whether that be a Physiotherapy, GP, allied health, Chiropractic, Podiatry, Speech Pathology, Psychology or other type of clinic.
Also note that the cost to lease a clinic that you buy is more than the essential monthly lease payment, there are other costs such as outgoings associated with a commercial lease.
Outgoings is a general term used to describe the recovery of cost from the tenant for expenses associated with the running and maintenance of a commercial property during the term of a lease.
The scope and method of recovery of outgoings will be defined in the lease and may vary depending upon negotiations between the parties when the lease was established.
Typically, outgoings include expenses such as:
• Rates (incl. Water & Sewerage charges)
• Land Tax
• Building Insurance
• Body Corporate Fees
• Property Management Fees
• Repairs, cleaning, gardening, and maintenance but excluding capital items and development costs.
When you get to the stage of purchasing your clinic, whether this be a Physiotherapy, Chiropractic, Podiatry, Speech Pathology, Psychology, Occupational Therapy, Psychology, Osteopathy, multidisciplinary or GP clinic please get in touch with Healthcare Practice Sales. We can assist you with possible questions that you may have with the lease of the building that the clinic is located in. We are the leaders in selling (& assisting buyers) allied healthcare & medical clinics. We are more than happy to discuss how we can assist you with a clinic you wish to purchase from us & any advice we can give you regarding the lease.