A firm of solicitors instructed us to provide Redbook-compliant valuations on three office properties located across North and West Devon. The client required accurate and independent valuation advice to inform their ongoing internal business planning. In addition to determining the freehold market values of the three properties, the instruction also required an assessment of the market rent for a historic rent review date which had not yet been actioned.
The solicitors needed clear, reliable valuations to support internal decision-making regarding their property assets. The added complexity of the instruction was the requirement for a retrospective market rental valuation at a specific historic review date, which required careful market research and consideration of comparable evidence available at that time.
We undertook detailed inspections of each property and reviewed relevant market evidence to provide RICS Redbook-compliant valuations. This included:
The client received three comprehensive Redbook Valuation reports, each setting out both the current freehold market value and, where required, the retrospective rental valuation. These reports provided the client with a clear, professional basis to progress with their internal business planning, resolve the outstanding rent review, and make informed strategic decisions about their property assets.
