Portfolio - Issue 5 - Autumn 2018 - Page 77

C 20.7 M 2.7
Building surveying for
commercial property
Henry Scott, Head of Building Surveying at Bradley Hall,
explains why building surveying is an essential service within
commercial property ownership and occupation.
The role of a chartered building
surveyor can involve a wide range of
commercial and residential projects. This
is often surprising to those outside of the
industry as it is assumed a building
surveyor is only used by home buyers,
looking to acquire their next home.
While residential property surveys and
conversion projects form a key area of our
services, so do a greater variety of
commercial projects.
Employing a professional building
surveyor will often provide savings and
value for money to a project, the value of
which can signicantly exceed the
surveyor’s fee, while long-term nancial
planning can be made thanks to planned
preventative maintenance schedules.
When running a business, the aim is to
minimise costs without cutting down on
quality, while also maximising revenues.
Investing in property requires upfront and
continued investment, for ongoing
maintenance – for this reason
maintenance planning will help predict
cash ow and avoid unexpected costs.
Professional building surveying can
assist tenants by limiting repairing
liabilities through detailing the condition
of the property on commencement of the
lease. When a comprehensive schedule of
condition is put together the tenant will
not be expected to leave the property in a
higher standard than when they began
their tenancy – which can mitigate further
disputes, so costs are limited where
possible. When the lease expires,
dilapidation assessments can be modelled
to help predict a landlord’s likely damages
claim. Depending on the ndings of the
assessment strategic decisions can be
made by a tenant to ensure an economic
exit strategy is instigated.
The construction of any building must
also be carefully assessed within our preacquisition surveys to ensure existing and
potential issues are identied and their
associated risks considered. We regularly
provide rebuild cost advice to landlords
and tenants so that they have the comfort
of knowing they are not over insured, and
more importantly conrming that they are
not underinsured.
Additionally, the health and safety of
your sta and visitors is something which
should be carefully considered when
moving to a new property. The liabilities
and risks are high, so this part of the
process must be completed to the highest
standard, including identifying re
precautions and escape options.
The Bradley Hall Building Surveying
team oer a wide range of services and add
protection and value to all clients.
Henry Scott
Head of Building Surveying
0191 232 8080
James Thompson
Graduate Building Surveyor
0191 232 8080
ISSUE 05 : AUTUMN 2018
For more information please call
0191 232 8080 or visit www.bradleyhall.co.uk


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