Asset Valuations
Asset Valuations can be undertaken for a range of purposes, including family trust, Council Asset Valuations or other government bodies. We are on a number of tender frameworks for a number of councils and other organisations providing regular asset valuations for both Market Value and also on a Depreciated Replacement Cost (DRC) basis.
Pension Valuations
We undertake pension valuations for a number of SIPP and SSAS providers (pension providers) including Curtis Banks, Standard Life.
Company Accounts
We undertake valuations for company accounts for a number of companies. For many companies property is likely to be their biggest asset. If there is a change to the Directors or Shareholdings within your company you may require an updated valuation of the company assets to include a Market Value of the property holdings.
Prudent companies have their property holdings valued regularly allowing them to plan for expansion, investment or to utilise the asset as security for acquiring finance.
Charity Act
Charities must obtain appropriate advice when acquiring or disposing of interest in property.
A Charities Act Valuation must be carried out for an Acquisition or Disposal of an interest for a term in excess of 7 years and must be undertaken by a Qualified Surveyor who is MRICS or FRICS as well as an RICS Registered Valuer.
We undertake Charities Act Valuations compliant with the Charities Act 2011 sec 119 and the Charities (Qualified Surveyors Report) Regulations 1992.
Secured Lending
Valuations are a fundamental part of securing finance on a property. We are on over 30 bank panels of all the major high street lenders as well as the challenger banks and peer to peer lenders.
We undertake Secured Lending Valuations efficiently to provide our clients with a thorough and prompt service utilising our local knowledge.
We cover the following postcodes: TR, PL, TQ, EX, TA, DT, BA, BS, SN, GL, CF, NP
Acquisition
We undertake valuations for the acquisition of a number of property types, providing detailed strategic advice as well as core valuations. To find out more about our valuation services, please click here.
Success stories – repurposing and diversifying
An increasing number of charities are looking to diversify their incomes by exploring new ways to get the most out of their capital assets. Buildings and equipment that are surplus to requirements provide untapped potential to generate income without further expense. For example, the Dogs Trust have generated a new revenue stream by opening up the use of their exceptional training facilities to the public through dog agility, training and behavioural classes.
At Vickery Holman we are beginning to see examples of charity and educational facilities looking to diversify their income streams by letting out surplus space. This involved repurposing underutilised space and buildings at a specialist School for adults and children with disabilities. An arrangement is currently underway to let a building to a neighbouring nursery and further plans to lease space within the facility to a therapist. If fulfilled, these plans would raise income while also increasing the number of services provided at the facility with the therapist able to partially support inhouse requirements for therapy alongside their independent business.
Vickery Holman have also worked with another educational facility that involved a redundant 6th form building of 10,000 sq. ft being repurposed and let to a school for children with learning disabilities and complex needs. We notice a trend that the type of tenants in occupation are able to positively develop the facilities and services offered at these establishments while generating income and utilising surplus space.
Vickery Holman are able to assist with a number of elements including Agency and marketing advice to dispose/let any surplus space.
With a team of 21 RICS Registered Valuers across the region we are able to provide Charities Act Valuations for disposals/lettings.
Any questions? Call us
Our experienced team is ready to assist with unparalleled regional advice
TRURO
Tel: 01872 245600
PLYMOUTH
Tel: 01752 261811
EXETER
Tel: 01392 203010
BRISTOL
Tel: 0117 428 6555
The Team for Asset Valuations
Case studies for Asset Valuations
Valuation advice provided on exclusive single new build project with build cost of £1.1 million and estimated GDV of £1.8 million. Acting on behalf of Aspire Commercial Finance in connection with a financing arrangement for a four storey, 4 bedroom, 523 sq m luxury dwelling with swimming pool, gym and integral double garage. The development […]
Vickery Holman have recently valued several guest houses and hotels within the North Devon coastal village of Lynton. With a population of around 1,200 the village is reliant on the holiday season, it is a popular tourist destination known as the ‘Little Switzerland’. Vickery Holman have a wide range of valuation knowledge across the regions […]
