Boost Rental Income: A 25% Increase for Veterinary Practice Landlord
Our Lease Advisory team recently helped secure a substantial rental uplift for the landlord of a veterinary practice in Andover, Hampshire. This case demonstrates how expert market insight and strategic negotiation can significantly enhance the rental value of specialist commercial properties, particularly within the veterinary sector.
The landlord approached us ahead of their 2025 rent review – the first review since leasing the premises to a major national veterinary group. The property itself is a converted two-storey residential building, now operating as a busy veterinary practice, with ample car parking on-site. Despite its excellent commercial use and layout, the existing rent was well below current market levels.
Understanding the rental value of a veterinary practice requires specialist knowledge. With limited directly comparable properties, our team carried out a thorough rental valuation, considering floor areas, configuration, and the importance of off-street parking for client access. Drawing on our extensive database and past experience with rent review vets cases, we built a robust evidence base to support a revised rent proposal.
How did we boost rental income?
Throughout the negotiation process, we maintained open communication with the tenant while firmly advocating for our client’s position. Our involvement in similar rent review vets scenarios gave us a strategic advantage in both valuing the property and negotiating the uplift.
Ultimately, we achieved a 25% increase in rent – an excellent result for the landlord, who not only gained a higher income but also strengthened the long-term value of their investment. The successful outcome highlights the importance of understanding the rental value of veterinary practices, particularly where previous rents may not reflect current demand or property features.
This case reinforces the value of professional advice when dealing with rent review vets situations. Whether you’re a landlord with a single unit or a portfolio of healthcare properties, our team’s in-depth expertise in assessing the rental value of veterinary practices can ensure your assets are working harder for you.
If you’d like advice on an upcoming rent review or valuation of a veterinary property, get in touch with our Lease Advisory specialists – we’re here to help.
