Sale and Lease-back Option
About ZCap
This market-leading shared ownership model has been developed for GPs, PCNs or Federations.
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Building ownership giving full operational and clinical control
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No capital investment or personal guarantees required to proceed
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Works with exiting NHS/GP capital funds, reducing rent or releasing capital
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Sale/lease-back of existing properties but maintaining ownership and control
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Development funding underwritten by CCG and or ZCap funder
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Investment returns and capital growth providing personal pension fund options
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No development risk or direct development costs for GP practice
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Fully reimbursable costs and lease payments, can be confident of DV approval
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No negative equity risk for the GP Practice, help with any existing
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Supporting Digitally Enhanced Primary Care, ensuring service flexibility
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Digital Design Standard ensuring flexible and adaptable spaces maximising capacity.
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Multidisciplinary delivery with no commercial barriers restricting building use
NHS Strategic Fit – ZCap provides accommodation solutions that will:
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support the delivery of the NHS Long Term Plan and emerging models of health and social care
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help primary care to design and develop real service integration
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provide space and capability for primary care to deliver multidisciplinary services
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deliver flexible, fit for purpose accommodation, both in design and lease structure
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meet the challenge of enhanced digital delivery to secure any additional funding
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support the government's Modern Methods of Construction agenda to improve delivery, quality and value for money
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meet NHS guidance on procurement and full compliance with the Treasury's '5 Case Business Model’
The ZCap NHS models:
The benefits:
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No GP/NHS capital investment required
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Shared ownership on lease commencement
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Full operational control – land and building
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Health/Social Care subletting unrestricted
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Unique structure minimising GP/NHS risks
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Reducing lease payments via residual value
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No negative equity or personal guarantees
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Supports recruitment and succession plans
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Integrated design, delivery and build services
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No landlord maintenance agreements
The requirements:
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£5m minimum investment threshold
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25 year minimum investment period
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25 year minimum ‘NHS’ FRI headlease
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GMS holder/NHS body as health partner
The benefits:
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Fully amortised loan, tax efficient structure
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100% ownership on lease expiry for £1
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No GP/NHS capital investment required
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Full operational control – land and building
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Health/Social Care subletting unrestricted
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No negative equity or personal guarantees
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Supports recruitment and succession plans
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Integrated design, delivery and build services
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No landlord maintenance agreements
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Suitable for batch/leaseback projects
The requirements:
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£15m minimum investment threshold
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15 year minimum investment period
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15 year minimum ‘NHS’ FRI headlease
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GMS holder/NHS body as health partner
The benefits:
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NHS contract and building succession offered by fellow GP colleagues
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GMS & PMS contract ‘Succession Planning’ options:
– Immediate release from the contract obligations
– Deferred contract release, match retirement plan
– Silent partner, keep control, still allowing property sale
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Property ‘Succession Planning’ options:
– Full equity release via property sale, or
– Retain property and leaseback to new partnership
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ZCap funding enabling GP equity release/pension
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Suitable for single of multi-site practices
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No minimum or maximum practice size
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Continuity of service, no disruption or capacity loss
The requirements:
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Contract release suitable for all GP contracts
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GMS/PMS contracts required for property sale
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Initial property tranche to complete summer 2024
