Commercial Property Valuation in London

Commercial Property Valuation

In the property market, undertaking a commercial valuation in London involves thoroughly analysing various factors, including the location, condition, and prevailing market trends. This service is often sought for objectives such as loan security, investment appraisal, or during the acquisition and disposition of properties. RICS-regulated valuers, frequently Chartered Surveyors, employ their extensive knowledge and experience in each valuation, ensuring a comprehensive and precise appraisal, whether for acquisition, disposal, or loan.

The valuation process typically encompasses a detailed survey of the property, considering elements such as lease agreements, the property's condition, and the market's current state. The result of this appraisal not only reflects the commercial property's market value but also provides crucial insights for strategic planning and decision-making. A commercial property – such as a shop, office or industrial unit- is an incoming asset class, producing primarily owned assets managed by investors to provide a return based upon their risk appetite. A commercial real estate valuation's numerous purposes include loan security, sales, development, taxation, property insurance, or charity act.

Commercial Property Valuation Instant Quote

To get a valuation quote for any commercial property, please select "Commercial Services" and afterwards "Commercial Valuation."

Commercial Property Valuation | London | Instant Quote | RICS, Harding Chartered Surveyors
Commercial Property Valuation | London | Instant Quote | RICS, Harding Chartered Surveyors

Benefits of an RICS Commercial Valuation Service

1. Accuracy and Reliability: RICS Valuers are trained to provide accurate and reliable valuations, ensuring that the estimated value of your commercial property closely reflects the current market conditions.

2. Compliance with Standards: Adherence to globally recognized standards, including the RICS Red Book, which sets out detailed guidelines for valuation practices. This compliance ensures a high level of professionalism and ethical standards.

3. Market Expertise: Provides extensive knowledge of the commercial property market. They are skilled in assessing various factors such as location, market trends, and property features, providing a well-rounded and informed valuation.

4. Risk Management: Helps identify potential risks associated with the property, such as environmental risks or issues related to property condition, enabling better risk management and decision-making.

5. Objective Assessment: Provides objectives and an unbiased assessment of the property's value, which is crucial for fair and transparent transactions.

6. Facilitates Financing: For commercial property owners seeking financing or refinancing, lenders often require an RICS valuation. It assures them of the property’s value for securing a mortgage or loan.

7. Assists in Negotiations: Whether buying, selling, or leasing commercial properties, a RICS valuation can be a powerful tool during negotiations, ensuring that all parties have a clear understanding of the property's value.

8. Taxation and Legal Compliance: Accurate valuations are essential for taxation purposes, such as calculating capital gains tax, and for legal compliance in matters like dispute resolution or divorce settlements.

9. Strategic Investment Decisions: Investors rely on RICS valuations to make strategic decisions, such as property acquisition, disposal, or portfolio management, ensuring their investments are sound and well-informed.

10. Enhanced Credibility: An RICS Valuation is highly regarded in the industry, enhancing the credibility of the valuation report among potential buyers, investors, and financial institutions.

RICS Registered Valuer Services

At Harding Chartered Surveyors, we aim to be direct, open, and honest. As members of the Royal Institution of Chartered Surveyors (RICS), we must abide by strict ethical standards. Our firm boasts extensive expertise and resources, enabling us to provide commercial property valuations for various specific purposes. These services cater to multiple aspects of the property sector, ensuring that every valuation is conducted with precision and tailored insight.

                  For those seeking to get a quote or require a valuation report, we encourage you to contact us. Our approach uses comparable sales data, elapsed time since significant events (e.g., when the lease expires), and other critical factors to provide an accurate idea of what a property is worth. This process benefits clients engaging with building societies, Inland Revenue, or for common reasons such as determining market rental value.

                  Our services, offered at competitive fees, are RICS-regulated, ensuring adherence to the highest professional valuation standards. We are dedicated to helping you make informed decisions regarding your property, regardless of the type of property or its location across London and the South East.

                  For any queries or to learn more about our services, please feel free to contact us. We are committed to providing valuable insights and assistance for various purposes, ensuring our clients receive a comprehensive and accurate valuation report for their commercial real estate needs.

                  Commercial Property Valuation | London | Instant Quote | RICS, Harding Chartered Surveyors

                  When do you need a Commercial Property Valuation?

                  • When considering a property investment, you need to know the current market value of the commercial real estate you choose to invest in.
                  • Lenders need loan security, so when your business is looking to secure funding from a bank, you will need a commercial property valuation so that the lender knows that your real estate is worth enough to cover the outstanding loan as collateral.
                  • When your lease expires, and your landlord is trying to claim repairs, and you don’t want them to claim repairs for more than the property value has decreased.
                  • When you are taking out a mortgage, buying a leasehold or a share in a commercial property, you need to pay Stamp Duty.
                  • If you decide to sell your commercial real estate, the Inland Revenue will require a formal written valuation to calculate any Capital Gains Tax due.
                  • When entering into a loan agreement, the lender wants to ensure that their loan is secured because your real estate is worth enough to cover the outstanding loan as collateral.

                  Client Reviews

                  Bazlur Rashid
                  Excellent and professional services by Mr. Ali. I am indeed very pleased. I will recommend to my friends and others who wants to avail the services of Harding Chartered Surveyors.
                  Tony Boccuzzi
                  Great fast and easy to book. Great price and most of all great staff.
                  Mina Yanni
                  Great experience dealing with Alaa, very helpful and informative, going above and beyond at any opportunity. Thanks!
                  anirudh sankhla
                  Very professional and diligent in their assessment. Our surveyor Alaa Ali has been very responsive and patient with all of our queries providing excellent professional advice on the matter. Will definitely recommend them.
                  Denise Boyton
                  I would thoroughly recommend this company. The appointment for a surveyor came quickly. The surveyor was thorough and explained the items he found wrong. The report came through very promptly.
                  Excellent and very professional work by Kate for the planning and Charlie for the valuation and report - highly recommended.
                  Neal Patel
                  Excellent service from all the surveyor team.
                  Commercial Property Valuation | London | Instant Quote | RICS, Harding Chartered Surveyors

                  Different Commercial Valuation Methods

                  RICS Valuation surveyors use various methods to calculate the value of a commercial property. Among these, the three primary approaches are the cost, income, and sales comparison approaches. These methods, distinct from those used by estate agents for residential properties, offer a more nuanced view of a commercial property's worth.

                  Sales Comparison Approach

                  This approach leverages data from recent sales of comparable properties, considering variables such as age, location, and property quality. To calculate an appropriate value, it factors in sale date differences, geographic location, square footage, and proximity to landmarks. This method is particularly effective in areas like North London, with active transaction activity. However, its utility diminishes in markets with fewer transactions.

                  The Income Approach

                  When the cost and sales comparison approaches are insufficient, the income approach comprises three sub-methods.

                  1. Gross Rent Multiplier Approach: This involves dividing the sales price of comparable properties by their annual gross rent, providing a multiplier for your property's gross rents. However, this method can be limited due to varying property expense ratios.

                  2. Direct Capitalisation Approach: This method focuses on the property's net operating income, applying a market-appropriate capitalisation rate. Valuers derive this rate from comparable sales data, adjusting it based on factors like location and property condition.

                  3. Discounted Cash Flow Method: This complex method forecasts net cash flows over a significant period, often a decade, and projects the sale price at the end of this period. It involves discounting these cash flows to present value, providing a comprehensive property valuation.

                      Whether for matrimonial reasons, lease extensions, freehold acquisitions, or project management, we ensure accurate and RICS-regulated valuations. Our services cater to various commercial sectors, offering related services for offices and other property types. We regularly provide evidence for financial decisions, ensuring our clients accurately know their property worth.

                      The Cost Approach Valuation Method

                      While a residential property's value may primarily hinge on its condition, factors like location, potential rental income, floor plan, and amenities play a significant role. The valuation might seem straightforward for new buildings, focusing on construction costs and land market value. However, this appraisal becomes complex for existing properties, accounting for physical deterioration, structural and functional obsolescence, and external factors like traffic or pollution. This method also considers the property's economic life and the time since its service commencement. Due to its intricacies, this method is challenging for older structures.