As RICS Regulated Valuers, we have many years of experience in providing surveys and valuation reports for an extensive range of clients.
AJA specialises in providing both independent and commercial property valuations, guided by the professional standards of the Royal Institution of Chartered Surveyors. Covering London, the South East and Yorkshire, we have the expertise and local knowledge necessary to produce reliable commercial valuations that lay a stable foundation for your financial decisions.
We pride ourselves on our competitive fees, simple booking process, and quick turnarounds that do not compromise the quality of our services.
For more details of our commercial valuations service or to arrange a consultation, please call Aston James Associates on 0208 771 5035 or email info@ajasurveyors.co.uk
For more details of our commercial valuations service or to arrange a consultation, please call Aston James Associates on 0208 771 5035 or email info@ajasurveyors.co.uk
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How Does a Commercial Property Valuation Benefit You?
There are multiple benefits to having regular valuations for your commercial property. These include, but are not limited to:
Obtaining an Expert Opinion From an Independent Source
The price at which you buy, sell, or lease a property is an essential consideration when making any business decision. Making the right moves for yourself or your tenants requires knowing the correct value of the property. Whenever you begin or end a tenancy, for instance, you may want to obtain a commercial property valuation so you have an accurate idea of the property's true worth. As a result, you will be able to negotiate with stakeholders confidently, knowing that you'll be getting a deal that's fair and accurate. Our job is to determine the value of the property based on the actual situation of the property, not preconceived ideas or outdated purchase prices.
Receiving a Complete Overview of Your Property
You can gain a great deal more information about your property from a commercial property valuation than just the price. You will receive a valuation report with information about the construction and condition of the property, among other things. This ensures that you will gain a comprehensive understanding of the building, including its location, accommodation, environmental considerations, and planning.
Saving Time and Resources
You can save both time and money by having an accurate valuation of your property when making business decisions and working with clients. In the event that your company is asked for the value of its assets, for example, during an audit, you'll need a property valuation. Incorrectly estimating the value of your property could lead to complications when you are trying to obtain loans, insurance, or if your company is acquired. Ensuring you always have an up-to-date valuation on hand means that you are always prepared for any situation that may arise.
What Types of Commercial Properties Do We Survey?
General property types for commercial valuation assignments include, but are not limited to, the following:
- Mixed-Use
- Retail
- Leisure
- Investment
- Commercial
- Office
- Industrial
- Medical
- Land
Generally, a commercial property appraisal is required for commercial property sales, leases, developments, mortgages, taxes, and insurance. By understanding the value of a building, buyers, sellers, and professionals can make informed decisions about what to do with it. There are several specific circumstances in which you might request a valuation of the commercial property you're considering. Here are some of the most common reasons:
- When you advertise your property, you may wish to know the price at which the property should be sold or leased
- In the process of renting a property, you may wonder if the price you've been given is accurate or if it's negotiable
- If you are receiving a loan, mortgage lenders may want to ensure that the amount lent is correct
- Businesses may be asked to demonstrate the value of their assets, including commercial property they own or lease
- For a property insurance quote, you need to know the value of the property
Commercial property valuations are complex and require experience and expertise to be calculated accurately. It is possible to value commercial properties entirely based on the cost of the property, but this won't reveal other considerations such as the property's potential income.
Our commercial property valuations take into consideration the property’s market rental value, derived from comparable evidence. We also account for factors such as square footage, occupancy, registered historical landmarks, tenanted space, and old structures, to ensure you have the most accurate valuation, giving you confidence in any negotiations.
No, you do not need to be present when we value your commercial property.
It takes approximately one hour to conduct a full survey onsite. We then aim to provide you with all the necessary documents within a few business days.
When you are buying a commercial property, think location, tenure, and classification, rather than location, location, location. Businesses change, expand, and contract and that is why your lease terms are crucial. How long do you plan to trade? Do you aim to grow? What sort of planning classification do you need – is it, say, for a shop, a finance house, or a restaurant? They all have different planning rules and a surveyor with intimate local knowledge can advise you on picking the right building for a valuation.
Unlike full residential valuations, normally called for when a property is bought and sold, commercial property valuations are needed for a range of reasons and often act as a security blanket in the face of the unexpected. Land and building values change so it pays to keep up to date.
There is uncertainty in business and it’s best to be prepared with a ready commercial property valuation to help navigate any business changes.
Will there be a change in directors? A change in shared ownership? If you don’t have a valuation to hand, your business could miss out on potential investors. A local surveyor who has valued your property and is quickly available in a crisis can pay dividends.
Do you want to expand and need more funding? Your lender will want security so what better than to slip a valuation report on their desk and get fast access to additional finance? Similarly, if you wish to sell or transfer part ownership, a valuation in hand will keep HMRC on your side when working out stamp duty or capital gains tax payable.
Of course, property values can drop as well as rise, particularly if a building deteriorates. So if you rent and want to claim the cost of repairs from your landlord when your lease expires or comes up for renewal, a valuation will show if your claim is higher than any fall in property value. This can benefit either landlord or leaseholder – the landlord need only meet repair claims up to the loss in value. So it’s worth getting a valuation before you start costly repairs.
Valuations may appear to be an added expense but they provide information essential to the smooth operation of what is generally a company’s prime asset – its premises.
