Lea Hough Chartered Surveyors continues to advise clients on a diverse range of commercial property valuation projects across Lancashire and Greater Manchester. Recent instructions have taken our valuation team across the region to Preston, Chorley, Blackburn, Burnley, Rossendale and Clitheroe, as well as Manchester, Bolton, Bury and Wigan.
Every valuation is prepared in accordance with the RICS Valuation – Global Standards (Red Book), giving clients confidence in the advice they receive.
Recent Commercial Valuation Work
Our recent workload highlights the variety of commercial properties and valuation scenarios we encounter across the North West.
One significant commission involved advising a local authority on the proposed acquisition of a prominent town centre redevelopment opportunity in Chorley. As part of the instruction, we prepared a detailed residual valuation of a consented mixed-use development comprising residential apartments with ground-floor commercial accommodation, providing robust advice to support the client’s acquisition strategy.
Industrial property continues to account for a substantial proportion of our work. Recent commissions have included warehouse and manufacturing premises in Burnley, Hapton and Preston, together with the valuation of substantial former mill buildings where condition, adaptability, refurbishment costs and future redevelopment potential all play an important role in determining value.
We also continue to receive a strong pipeline of secured lending instructions from banks and specialist finance providers. Recent projects have included mixed-use investment properties in Bolton, owner-occupied commercial premises in the Preston area and industrial buildings across Lancashire. These valuations require careful consideration of rental income, lease structures, tenant covenant strength, prevailing market conditions and investor demand.
Alongside this, we recently completed a portfolio valuation on behalf of a housing association, assessing multiple retail units within neighbourhood shopping parades across Preston, including Ribbleton, Ingol and Ashton-on-Ribble. This work involved analysing tenancy profiles, occupancy levels, rental performance and the characteristics of tertiary retail locations.
For specialist commercial properties, where directly comparable market evidence is limited, our team come into their own. Recent instructions have included purpose-adapted buildings in semi-rural locations around Clitheroe, Preston and South Ribble, requiring detailed analysis of alternative use potential, planning considerations and wider market trends to establish market value.
Collectively, these projects demonstrate our experience across a wide variety of commercial property types, including industrial premises, retail units, offices, mixed-use investments, development sites and specialist buildings.
Contact our Commercial Property Valuations Team
If you require a commercial property valuation anywhere across Lancashire, Greater Manchester or the wider North West, our experienced team would be pleased to discuss your requirements. Get in touch today.
