In today’s business landscape, accurate and up-to-date commercial property valuations are essential for informed decision-making and risk management.
This blog post explores the importance of commercial property valuations and highlights some recent instructions carried out by our team of Chartered Valuation Surveyors.
Importance of Commercial Property Valuations
Commercial property valuations provide invaluable insights into the value of a property for various purposes. They play a crucial role in various transactions, including secured lending, pension fund assessments, and property acquisition.
Lea Hough’s Chartered Valuation Surveyors have recently carried out several commercial property valuation instructions, providing valuable insights for their clients. Here are a few examples of recent valuations:
1. Valuation of Office at Arkwright Court, Darwen: This valuation was carried out for secured lending purposes. The office at Arkwright Court was assessed based on its physical condition, location, market trends, and comparable sales. The valuation report provided the lender with the necessary information to ensure compliance with lending regulations.
2. Valuation of a Chapel in Ulverston: This property was valued for Charities Act purposes. The valuation included a comprehensive assessment of the property’s condition, location, historical value, and market conditions. The valuation report helped the charity comply with the Charities Act and ensure transparency in financial reporting.
3. Valuation of a Light Industrial Unit at Momentum Business Park, Bamber Bridge: The industrial unit was valued for a pension fund assessment. The valuation considered factors such as the property’s size, layout, location, and the price of recently sold units in the area. The valuation report helped the fund assess the value of its investment portfolio and make informed investment decisions.
4. Valuation of a Retail Unit on Clifton Street, Lytham: The unit was valued for secured lending purposes. The valuation took into account factors such as the property’s size, location, amenities, and market conditions. The valuation report provided the lender with the necessary information to proceed with its lending decision.
Whether it’s an office, industrial unit, retail premises, or any other commercial property, obtaining an accurate valuation is essential for all parties involved. By obtaining a Valuation Report undertaken by a RICS Registered Valuer, stakeholders can make informed decisions that meet their goals and mitigate risks.
Contact our team to discuss your requirements or obtain a quote.
