REAL ESTATE
Expertise – Matthew Clarke has more than 25 years’ experience undertaking commercial and residential property valuation work.
Commercial property: Why value matters
Knowing the current value of your commercial property assets is crucial for making informed decisions. Because commercial valuations involve more variables than residential ones, understanding the process and the importance of a professional report is essential.
What is a valuation report? A commercial property valuation report is a comprehensive document prepared by a RICS-registered valuer to determine a property’ s current value. It provides an unbiased opinion based on physical inspection and market analysis. These reports are designed to be clear, accurate and easily understood by non-experts.
What’ s included in the valuation report? A typical report covers the essentials: > Purpose: The reason for the valuation
( for example, secured lending). > Valuation Basis: Market value, fair value or market rent. > Property Details: Address, size, age and physical condition. > Assumptions: Specific conditions or limitations used in the assessment. > Statutory Enquiries: Planning history,
Business Rates and Council Tax.
> Methodology: A clear explanation of the reasoning and comparable evidence used.
Critical value drivers The valuer will also take into consideration specific factors that impact value: > Legal: Tenure and lease terms( length, rent reviews and tenant strength). > ESG: Energy performance( EPC / MEES) and sustainability compliance. > Location: Proximity to transport links, business hubs and visibility.
When do you need one? Valuation reports are vital for a variety of reasons: > Secured Lending: Helping banks mitigate risk and make sound lending decisions.
> Financial Reporting: Updating company accounts or pension fund( SIPP / SSAS) values.
> Taxation: Calculating Capital Gains or Inheritance Tax liabilities.
> Legal Proceedings: Expert evidence for matrimonial disputes, probate or litigation.
> Lease Negotiations: Setting market rent or resolving dilapidation disputes. > Viability: Assessing the end value of refurbishments or new-build projects.
Expert guidance with Sanderson Weatherall With a national team of more than 50 RICSqualified valuers, Sanderson Weatherall regularly provides in-depth, market-driven valuations across all sectors. Its insight and commitment to accuracy ensure your valuation meets the highest professional standards.
Sanderson Weatherall’ s Teesside office, which is based in Stockton, is headed by Matthew Clarke, who jointly manages the firm’ s North-East valuation team. Matthew has more than 25 years’ experience undertaking commercial and residential property valuation work on behalf of major lending institutions and other private clients throughout the Tees Valley, North-East, North Yorkshire and South Durham areas.
Get in touch to discuss your requirements. Matthew Clarke matthew. clarke @ sw. co. uk 07834 501178
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