Accurate valuation advice within a timeframe that meets your requirements.
There are a number of reasons for requiring a professionally prepared (Red Book) valuation. The most typical are: secured lending, transaction and litigation support as well as tax and financial reporting.
With years of experience in conducting market facing valuations, coupled with a level of Professional Indemnity Insurance cover to satisfy the majority of assets in Jersey; Wills’ RICS Registered Valuers are fully qualified to provide the valuation advice you need, in a timely manner.
We stick to agreed deadlines and will always do what we can to accommodate your requirements.
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.
SCHEDULE OF CONDITION
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.
SCHEDULE OF DILAPIDATIONS
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.
BUILDING MAINTENANCE SCHEDULE
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.
Mark joined Wills Associates earlier this year, after 10 years with CBRE in London. Although Mark qualified as MRICS in 2008, in 2009, he tried his hand at flying with debatable success. Having reached his goal of becoming an airline pilot, he returned to terra firma with an A320 Type Rating.
He rejoined CBRE in 2013 where he continued his surveying career. Leaving CBRE in London as a Director to join Wills Associates in Jersey, he heads up their commercial business, specialising in valuation.
We also offer Land Valuations upon request:
- Agricultural Land Valuation
- Domestic Land Valuation