Acquisition Surveys
We assist landlords and property managers with all aspects of commercial property acquisition, specialising in estates and shopping centres.
The aquisition surveying service is extremely flexible and can be as detailed as you wish.
In 2011, we were asked by a pension fund to assist with the acquisition of several industrial estates at different locations throughout the country. The client wanted to understand the full implications of the purchase and we therefore undertook a programme that included:
- Initial condition survey of all units – more than 20,000 photographs were taken demonstrating the condition of each unit, including the roofs.
- Preparation of asbestos registers for those properties not previously surveyed
- Condition survey of all roads within the estates
- Preventative Maintenance plan and forecast for the next 5 years
- Report on all leases – including expiry dates, covenant assessment and dilapidations appraisal
The resultant report was extremely comprehensive and provided the client with a snapshot assessment of the new investments, allowing them to plan for maintenance and dilapidations.
As the retained building surveyors, we were able to advise on all aspects of the investment and work with the landlords to ensure that they received maximum return with carefully managed on-going maintenance.
Our experience in this area is vast and we can usually achieve huge savings for our clients.
If you are looking for a company who acts in your best interests to deliver the returns you need from your commercial property portfolio, please call us on 0121 711 7110 for an initial and informal discussion without obligation.