Commercial Property Acquisition Surveys

The seeds for the eventual returns on commercial property investment are often made during acquisition. Our acquisition surveyors look at every aspect of the target property or estate and provide detailed analysis of likely future landlord and tenant costs.

As specialist commercial property surveyors, we conduct acquisition surveys nationwide for clients considering commercial property acquisitions, particularly estate and portfolio purchases.

Acquisition surveys form an essential part of the due diligence process and can be as detailed as you wish.

Time is often of the essence, especially with more popular properties, since the information provided in the acquisition survey report is often used to evaluate or support a purchasing decision when other parties might also be considering the same investment.

Therefore, we prioritise acquisition surveys accordingly to ensure that we can mobilise within the shortest possible timescales and deliver meaningful and comprehensive reports ahead of competing bidders, providing you with a strong advantage in your negotiations.

It is vital that advice provided by the acquisition survey report is clear and concise, concentrating not only on the buildings , but also on the actual investment and factors that might affect it, such as potential dilapidations, potential landlord costs, neighbouring properties, road networks, potential reinstatement costs, suggested improvements etc.

Then there is the issue of confidentiality.

When surveys are being conducted across an entire portfolio, tenants are bound to ask questions, so we place great emphasis on ensuring that those questions are answered with the utmost discretion and with the aim of reducing the natural suspicion surrounding such issues.

Commercial Property Pre-Acquisition Surveys – Example Project

We are currently involved the acquisition of several multi-let industrial estates and large distribution centres at different locations throughout the country.

The client needs to understand the full implications of the purchase and we therefore undertake a standardised approach that includes:

  • Initial condition survey of all units with particular emphasis on 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 for each estate
  • Suggestions for estate improvement
  • Suggestions for re-branding (including CGI visualisations)
  • Report on all leases – including expiry dates, covenant assessment and dilapidations appraisal
  • Reinstatement valuations for insurance purposes

The resultant reports are extremely comprehensive and provide the clients with a snapshot assessment of the new investments, allowing them to plan for improvement, maintenance, insurance and dilapidations.

As the retained building surveyors, we also able to advise on all aspects of the investment and work with the landlords to ensure that they receive maximum return with carefully managed on-going maintenance and/or improvement works.

The service doesn’t end with the production of a report following the on-site acquisition surveys. Instead, we meet with the investors and present our findings personally, going through each estate in turn to provide a down-to-earth assessment of our findings in layman’s terms.

This is far more beneficial to the potential investors as it provides an objective viewpoint directly from the building surveyors who visited the site and formed their own impressions of the potential investment.

This is the part that is always missing from formal reports, but our clients tell us that the “informality” of this approach proves invaluable.

Our experience in this area is vast and we can usually achieve huge savings for our clients, who are often able to negotiate more favourable purchasing terms based on our advice.

We are presently working with several fund managers assisting them by providing detailed acquisition surveys nationwide.

If you are looking for professional and experienced commercial property advisers, to act in your best interests and deliver the returns you need from your commercial property portfolio, please call Bob Street or David Carter on 0121 711 7110 for an initial and informal discussion without obligation.

Explore our other services:

Roof Surveys

Need a roof survey? Industrial & commercial roof surveys conducted nationwide. We get up close and personal using cherry pickers and roof access systems where available. Or, if you prefer, we have our own drone and CAA licensed drone pilots available at short notice.

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Asbestos Surveys

An asbestos register is a legal requirement for all commercial premises built before 2000. We’ll arrange and prepare your asbestos register quickly and without fuss. Our qualified asbestos surveyors will provide useful and helpful information about how to manage any asbestos containing materials that might be present in your premises.

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Expert Witness

Dilapidations is a specialist area for commercial property issues and is also the most contentious area, which of course, often leads to disputes between landlords and tenants. Our expert witness service has helped in party wall issues, boundary disputes, construction disputes and lease issues.

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Condition Surveys

A condition survey, also known as a “Schedule of Condition” is usually undertaken prior to the start of a new lease, or before commencing major building works on a property. Our comprehensive condition surveys could save you money at the end of your lease. Nationwide service.

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Reinstatement Valuation

A reinstatement valuation provides you with an indication of the costs involved in demolishing and rebuilding your commercial property. It is used to help landlords understand the possible consequences of a fire or other insurable event and helps to ensure that you are not under-insured.

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Dilapidations

Our dilapidations and condition surveys have proved their worth time and again for both landlords and tenants. We dig deeper, we look closer and we negotiate harder on your behalf. Don’t leave this vital area of surveying to chance. You need the best.

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Contract Administration

Contract administration services for industrial and commercial property new build and major refurbishment projects nationwide. Our experienced contract administrators can handle all aspects and deliver your project on time and within budget.

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