Commercial

Valuation of commercial property is usually undertaken for mortgage purposes but owners may need a valuation for accounting or other purposes or as part of a larger portfolio. The valuation of retail premises is traditionally undertaken on a zoning basis and requires significant experience in the identification of yield applicable to the specific building. Secondary and tertiary premises are valued on alternative basis but again can be undertaken for many different reasons.

Schedules of Condition are traditionally undertaken prior to the commencement of a lease or license and are often attached to the lease to establish the condition of the property at that point. Such schedules can also be undertaken on surrounding buildings when development is anticipated.

Schedules of Condition can be invaluable at the end of a lease term when dilapidations may be negotiated, and can determine the condition of a property at a given point. Schedules of Condition comprise a detailed written description of condition supported by photographic evidence.

A Schedule of Dilapidations clearly defines the items that are in disrepair. These items may form part of a repairing covenant through which either a landlord or tenant has obligations. The Schedule of Dilapidations is a written document formed in a Scott Schedule and can be supported by photographs.

A Building Maintenance Schedule is a detailed, itemised document which identifies defects to a property, together with a course of action to repair them. The document also includes all items of a regular maintenance nature and the times when such works will fall due.

Project managers occupy a central role in the development process, driving the successful completion of projects.

Measurement Surveys can provide an accurate plan or elevation record of an existing structure and will accord with the code or measuring practice

Photographic Schedules provide annotated photographs which record the condition of a property. These schedules can be completed within a short time frame and to a specific budget.

Development appraisal involves research into constraints and opportunities evolving from the location, legal and planning aspects of potential sites as well as their physical characteristics. A Chartered Surveyor is one of many professional advisors that will be involved in this process.