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Commercial Property

 

Building Surveys

Previously called a Full Structural Survey, a Building Survey is usually recommended by surveyors for older properties or where many previous alterations and additions have been carried out. This survey includes a detailed description of the construction of the property, inspection of all main building components including each room, as well as all roofs, floors, walls, windows, services, finishes, grounds and boundaries. The Surveyor will highlight the need for repair, specify remedial work and provide approximate costs for such work. An insurance reinstatement valuation is usually provided and a market valuation can be included at an additional charge.

 

Major Defects Surveys

This is a useful type of report when clients are proposing to take a full repairing lease of commercial premises or buying the freehold, where they wish to know the major points that are likely to be a possible financial burden to them in the years to come. This type of report usually excludes reference to services, decorations and internal fittings, the condition of which is often quite obvious to an intending commercial purchaser or lessee.

 

Schedules of Dilapidations

Sussex Surveyors provides this service to landlords where lists of defects are prepared at the end of the lease for service upon the tenants in accordance with the terms of the lease.

 

Schedules of Condition

This is a useful document for prospective tenants taking a new lease which identifies the condition of the property at the beginning of the tenancy to enable the incoming tenant/client to negotiate successfully with a landlord to mitigate future repair liability.

 

Valuations for various purposes

A brief and concise report with the main intention of providing a valuation of the property as “security” for a loan to purchase. Major problems and failures should be noted but advice and future implications of failures are not included. Valuations are frequently required for many purposes including Divorce, Tax Matters, Company Restructuring and Sale, Probate etc. All our surveyors are RICS Registered Valuers.

 

Energy Performance Certificates

Since 4 January 2009 no property can be sold, let or built without an Energy Performance Certificate being made available to potential buyers and tenants. We are qualified to complete these on all types of commercial properties.

As local, Sussex-based assessors we are available to answer any questions you may have regarding this requirement. Also as Chartered Surveyors we can assess the property in greater detail and use actual data rather than taking “default” values. This will lead to a more accurate rating, which will become more relevant as more astute buyers, tenants and other parties start to place more emphasis on the EPC. We are accredited for EPC Level 3 and 4 commercial properties in London and the South East. Our commercial property assessors are members of the Elmhurst Energy Accreditation Scheme.

 

Defect Diagnosis and Building Work Advice

In order to preserve the investment value of a property landlords often commission Sussex Surveyors to carry out Defect Diagnosis Reports in respect of specific defects to a property, together with general cost guidance as to the remedial works necessary. Also where freeholders of commercial buildings wish to carry out works to the property in order to increase the investment potential and possible rental value as well.

 

New Build Snagging

Sussex Surveyors often provide advice to commercial tenants or landlords in respect of new buildings to ensure that the building works have been completed in accordance with Specification. They can provide a ‘snagging list’ to ensure that the builder/developer meets the expectations of the landlord or tenant in respect of commercial buildings.

 

Specifications of Works

This is essential for the refurbishment, repair or alteration to any type of property. When this document is prepared properly the contractor knows what is expected of them helping to avoid possible conflicts later. We have surveyors experienced in preparing these as well as overseeing the specified works.