VALUATION SERVICES
Residential Properties
This is the most frequent and wide-ranging category of real property for which we provide professional valuation advice. Private residences are easily the most common and is the single largest investment for most individuals. We have extensive experience in this subsector of the local property market which extends from the tradition chattel home to luxury beachfront accommodation.
Commercial Properties
Apart from special purpose and trade related properties we value an extensive range of commercial property types that include a variety retail shops, industrial buildings, multi-storey office blocks, and other forms of office accommodation.
Hotels & Other Trade Related Properties
Trade related property is any type of real property designed or adapted for a specific type of business where the property value reflects the trading potential for that business. Some properties are normally bought and sold on the basis of their trading potential. Examples include hotels, pubs and bars, restaurants, nightclubs, fuel stations, care homes, casinos, cinemas and theatres, and various other forms of leisure property.
The essential characteristic of this type of property is that it has been designed or adapted for a specific use, and the resulting lack of flexibility usually means that the value of the property interest is intrinsically linked to the returns that an owner can generate from that use. The value therefore reflects the trading potential of the property. It can be contrasted with generic property that can be occupied by a range of different business types, such as standard office, industrial or retail property.
SPECIAL PURPOSE PROPERTIES
A property that is rarely, if ever, sold in the market, except by way of a sale of the business or entity of which it is part, due to the uniqueness arising from its specialised nature and design, its configuration, size, location or otherwise. Some notable examples are car parks, garden centres, crematoria, schools, libraries and other public service buildings. but a valuation based on an income approach, including many aspects of this VPGA, may still be regarded as the best indicator of value
