Finchley Memorial Hospital The Options .pdf

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Original filename: Finchley Memorial Hospital- The Options.pdf
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Author: Ulyett Andrew (NHS Property Services)

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Finchley Memorial Hospital – the options
Project Rationale





The STP and CCG are looking at clinical services and building utilisation across Barnet
To increase the utilisation of Finchley, funding from a capital receipt generated from land sales could be used to
fund reconfiguration works or reduce costs of occupation for a period of time
One Public Estate has brought together the various parties to look at aligning the various agendas

Proposal

To develop or sell a parcel of c.0.49 Ha of freehold open land with estimated value of between £1.5m - £5.3m

Options

Four options have been identified, which are use of the land for:
1. private sector residential;
2. public sector extra care;
3. private sector extra care;
4. key worker accommodation.
Four non-financial appraisal criteria were identified to reflect the objectives of the project

Assessment criteria
Risks and Issues

The key risks and issues are:
• Differing stakeholder requirements
• There are significant planning issues related to the development on open space, which may delay the capital receipt
or indeed reduce the ultimate capital receipt
• Timing

1

Project Overview
Project / Opportunity
type

Community Health Partnerships (CHP) owns the freehold interest in land at the Finchley
Memorial Hospital, Granville Road, Finchley.
Some 0.49 Ha of the site is deemed to be surplus to requirements with options that include
extra care, residential or key worker housing.

Opportunity / Problem
Statement

Key Drivers

Wider Link to Area SEP

Scale / Size

Priority - Timescales

Opportunity for the use of core estate as an important Community Hub
A LB Barnet One Public Estate review investigated the potential for disposal of part of a green
open space and Bullimore House freehold building adjacent to the FMH (area in red on plan)
which the planning authority are positively considering.
The London Borough of Barnet produced a report that has a demand for a remaining 100 units
of extra care housing. This option has now fallen away as LBB are developing their own site.
The STP and CCG have also expressed a wish to see any capital receipt from the sale of this land
used at FMH in order to boost its utilisation.
Part of the wider Barnet Estate plans, and a priority for the CCG and STP wider plans.
Greater utilisation of FMH may consider relocating services from other locations, such as
Edgware Community Hospital, this is yet to be investigated. Utilisation of this site is dealt with by
a separate SoN.
The area currently in focus (red on plan) measures 0.49 Hectare which is approximately 9% of
the total site area.
A further 0.3 Hectare of the open space area (light green) may also be considered in a later
phase and has been discussed positively by the planning authority subject to consideration of
open space planning considerations.
2. 12 to 24 months

Priority - Business
Criticality

2. 12 to 24 months

Desired outcomes /
Deliverables

Disposal of land for care use, generation of capital receipt and reduction in operating cost of FMH to support increased occupation
and utilisation.

Current Status

The proposal for the release of the land has come from the LB Barnet OPE project investigation of its feasibility. A number of
workshops have taken place that considered initiatives to improve utilisation within FMH. The CCG accepted that most actions sat
with itself and has now finalised those plans. SEP CHP working closely with colleagues e.g. CHP Developments and LB Barnet re the
land, and CHP Property re service charges.

Stakeholders

CCG, STP, LB Barnet/OPE, CHP and NHSPS SEPI team, CHP Investment and Property

Key Hurdles / Next
Steps

Work with LB Barnet to access funds from OPE to progress plan for housing on the site. Obtaining planning permission for new use to
realise embedded value and associated timescales

Key worker – “grad pad” type

Retirement apartments – alternative key worker example?

Private for sale – 40% affordable/Key worker

Pure private sale – no affordable but retain green space


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