Compared to a residential property, a different valuation method needs to be used for a commercial property to ensure you understand exactly what you are getting, what it will cost and how that will impact and benefit you in the future. If a different valuation method isn’t used, you can quickly find yourself in a situation you didn’t expect and don’t want to be in.
The investment method is a common choice for coming up with commercial property valuations as this covers everything you need to know and gives you a full account what you can get from different aspects of the property.
This method takes into account the rent to be paid, the room for rental growth and how long the lease is before comparing the situation with other properties and situations in similar areas and situations to determine how much risk is associated with the property.
There are many factors to consider when it comes to commercial property valuations and it’s best to seek the advice of experts to ensure you get the most accurate information before making a decision. We ensure that all valuations we provide are completed by RICS registered users at Roger Hannah so you can be sure of receiving the information you need to make the correct choice.
To find out more about how we can help with commercial property valuations, contact a member of our team at Roger Hannah now.