COMMERCIAL
A. Commercial Property Valuations
We undertake instructions for commercial valuations. We can provide comprehensive valuations tailored to our clients’ needs on a range of properties including retail, offices and industrial units. Our team are all RICS qualified and VRS registered and as such can provide reports that are fully compliant with RICS professional standards.
To ensure optimum results from your property investment, expert advice must be sought from the outset enabling professional real estate information to be factored into the planning and decision-making stages.
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We provide commercial property valuation services to a wide range of professions, including lenders, accountants, solicitors, recovery specialists, tax, as well as businesses and private buyers and sellers.
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Our RICS registered valuers are highly experienced in the delivery of rental and capital valuations across the property sector and development projects. With experience in property sales, letting, rent review, lease renewal and asset management, our valuers are well positioned to be proactive to early market movements, reporting up-to-date and accurate values.
B. Commercial Lease Advisory Services
We help maximise returns on investment for landlords of commercial property and minimise liabilities for tenants. We understand the importance of lease renewals and rent reviews for both landlords and tenants and help protect their interests by maximising opportunities for both parties. We are a team of lease renewal/rent review Chartered Surveyors with experience in the use of local market knowledge, statute and case law to make recommendations.
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We work closely with our clients to tailor strategies that meet their needs applying specialists use of in-depth technical and market knowledge, together with rigorous negotiation skills, to seek sound agreements between all parties, minimising the use of third parties.
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We are experienced in preparing cases for independent experts or arbitrators, as well as carrying out risk assessments when considering offers from the other party in terms of time, additional cost and potential outcome from a third-party referral.
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Our commercial advisory services include:
• Negotiating rent reviews
• Negotiating lease renewals
• Preparation of reports for independent experts and arbitrators
• Appearing at oral hearings
• Acting as an expert witness in the High Court, Land Tribunals and Arbitration Independent Expert procedures.
Our recommendations reflect the changing needs over the terms of the lease agreement for both landlords and tenant, helping to make the most of any lease agreement fulfilling landlord’s investment or tenant’s occupational objectives.
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As situations change over time, so do parties’ objectives. This may provide opportunities for change to the original lease, where both parties mutually benefit. Our team of specialist professional surveyors are on hand to advise as required.
C. Acquisitions & Disposals
We understand the challenges presented when buying, selling and leasing commercial property and are on hand to help manage this daunting process.
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We provide unbiased, proactive, strategic advice, tailoring our services to meet our client’s specific needs and requirements when it comes to property management.
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On identifying our client’s specific needs and requirements, we will proceed with a streamlined service in the following order:
• Strategic search helping meet specific client requirements
• Creation of achievable opportunities and associated costs
• Investigate ways to minimise overheads/costs
• Seek optimisation and enhancement of flexibility and functionality
• Negotiate the fairest sale/leasing terms for you
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Professional, friendly and helpful service provided by our dedicated team of experts, we work alongside other professionals to ensure the most efficient and satisfactory conclusion.
D. Asset Management
Our approach to asset management involves multi-disciplinary coordination, including agency, rent review, valuation and rating services. The integration of these services enables us to deliver high-value transactions, resulting in high-value returns of client’s assets.
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We have property management database and accounting system, which we use in providing clients with high-quality reports designed around specific requirements, and accounting statements.
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Our Commercial Property and Asset Management services include:
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Maintenance of client’s database
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Full property accounting service
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Service charge management
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Statutory compliance
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Provision of landlord services
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Enforcement of lease obligations
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Rent reviews, lease renewals, lease re-gears and asset management
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Contact us on +44 7503 875754 to discuss the Commercial Property and Asset Management services on offer.
E. Business Rates
Covid-19 - Update - The Government has made updates to Non-Domestic rates in UK for 2020-21. Please contact us on +44 7503 875754 for further advice.
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Business rates are a major cost for businesses throughout the country.
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Every business is liable to pay business rates on its commercial property, although some benefit from the sometimes-confusing system of relief that the UK Government and, in some cases, Local Authorities have in place.
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A Revaluation of all commercial property in the country took effect from 1 April 2017. This was the first Revaluation since 2010.
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The Rateable Value of a property set at the 2017 Revaluation is the figure upon which rates bill calculations will be based for the next five years. Appeals against the Rateable Value set at Revaluation had to be submitted by 30 September 2017.
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There are still circumstances under which a Rateable Value can be appealed: new owners, tenants or occupiers have a right to appeal when they acquire an interest in a property; there is a right to appeal if a property is affected by a ‘material change of circumstance’ and, subject to strict criteria, there is a right to appeal an error.
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We offer clients the specialist knowledge, experience and expertise to provide an exceptional rating advice and rate appeal service ensuring that our client’s liability for business rates is kept to a minimum.
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Revaluation appeals are now being listed for hearing and negotiations taking place with the local Assessors – who set the Rateable Value. Reductions are backdated to 1 April 2017, with any overpayments that have been made being reimbursed, again backdated to 1 April 2017.
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We would urge proprietors, tenants and occupiers of commercial property to contact us at the earliest opportunity with any rating issues.
Methods of Instructions to Madichie & Company Ltd to get a valuation as soon as possible?
The easiest way is to submit your details on the right hand side form. Our appointments team will call you within 2 hours (9am to 8pm - Monday to Friday) to confirm appointment date/time as per your convenience. Once the property is inspected, the report is delivered within five working days.
Alternatively, you may call our contact center on +44 7503 875754