Despite the challenging economic conditions created as a result of the pandemic, our team haven’t seen any drop in the number of commercial Property Valuations we are being asked to undertake. In fact, we have recently experienced an increase in instructions to value a wide range of commercial properties throughout Lancashire.

Valuations on commercial property may be required for many different reasons, including:

  • A sale or purchase of a commercial property
  • Remortgage of commercial property
  • Rent reviews
  • Valuation for company account purposes
  • Company sales and buy outs
  • Pension fund valuations
  • Valuation for tax calculations
  • As part of legal proceedings, such as a dispute or divorce
  • Dilapidations claims

In addition to Valuation Reports on single properties, we are also regularly instructed to undertake Valuations on portfolios of properties for landlords and companies. Our team can also assist organisations including local councils that may need to undertake larger-scale Asset Valuations across multiple properties for accounting purposes.

Our Commercial Property Valuation Team have extensive knowledge and awareness of the local property market in Lancashire that is second to none. This gives us an ideal position from which to provide accurate and reliable Valuation Reports for the benefit of our clients.

Here are some of the recent instructions our Surveying team have received to undertake Valuation Reports on commercial properties throughout Lancashire:

  • Unit at Leigh Commerce Park, Leigh – ongoing Rent Review instruction on a trade counter unit where the matter has gone to Arbitration and Lea Hough are representing the landlord.
  • Unit near Whitebirk Industrial Estate –Rent Review instruction on a haulage unit and yard, acting for the landlord.
  • Factory at Phillips Road, Whitebirk Industrial Estate, Blackburn – Valuation and Building Survey instruction for a prospective purchaser on a 40,000 sq ft manufacturing space.
  • Office at Eaton Avenue, Buckshaw Village – Valuation on a modern office for accounts purposes.
  • Unit at Sett End Road, Shadsworth Business Park – Valuation for secured lending purposes on a 32,000 sq ft distribution unit.
  • Unit at Red Marsh Industrial Estate, Thornton-Cleveleys – Valuation for secured lending purposes on a 12,000 sq ft industrial unit.
  • Unit at Lomeshaye Industrial Estate, Nelson – Valuation for pension fund purposes on a 15,000 sq ft industrial unit.
  • Office at Dalton Court, Darwen – Valuation for accounts purposes on a modern office.
  • Office at Smithy Court, Wigan – Valuation on a modern office block for pension fund purposes.

As RICS Registered Valuers and Chartered Valuation Surveyors, clients can be assured that all professional work undertaken on their behalf is done so in accordance with RICS best practice. Our reports can be tailored to meet the specific requirements of clients and the purposes for the Valuation.

For more information or to obtain a quote for a Commercial Property Valuation, please get in touch with our team.

Preston Office
Telephone: 01772 458866
Blackburn Office
Telephone: 01254 260196
Clitheroe Office
Telephone: 01200 320040
Lancaster Office
Telephone: 01524 899850
Manchester Office
Telephone: 0161 265 0070
Lea Hough is a trading name of Lea Hough & Co LLP, which is a Limited Liability Partnership registered in England and Wales under partnership number OC306054.
Registered Office: Oakshaw House, 2 Capricorn Park, Blakewater Road, Blackburn, Lancashire, BB1 5QR