Inspection Flashcards

(5 cards)

1
Q

Level 1 legislation in SofE?

A

RICS Guidance Note: ‘Surveying Safely: Health and Safety Principles for Property Professionals’ (2018)

Knight Franks lone working policy

VPS 4 & VPGA 8 of RICS Valuation Global Standards (2025)

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2
Q

Warehouse - Rowley Regis

A
  1. Instructed to sell a warehouse with vacant possession
  2. Desktop research on the building and location
  3. Organised inspection with client and confirmed the relevant PPE needed
  4. Signed in at reception and used a fire plan to better my understanding of the property
  5. Photographed and noted properties features:
    - 1x bay recently re-roofed to meet metal sheet roof
    - 1x bay existing asbestos sheet roof
  6. Provided sales advice following inspection, in report format
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3
Q

Multi-let industrial - Huntingdon

A
  1. Instructed to sell a fully let industrial estate
  2. Prior DD established the recent tenant had a poor covenant strength which negatively affected the investment value
  3. On inspection the tenant was in process of moving in and the estate felt empty
  4. I provided advice that we should wait for the tenant to be in full occupation before marketing
  5. Provides good example of the importance of inspections which pick up things that can’t be seen from Desktop analysis.
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4
Q

Office - Waterloo Street - Birmingham

A
  1. Instructed to market a recently vacant office suite in a multi let office building
  2. The building benefitted from a full refurbishment to common areas and offices and subsequently became fully let.
  3. We asked to provide our advice on marketing, ERVs, and any asset management angles needed.
  4. Arranged inspection and signed in at reception.
  5. The office had been stripped out to ‘Shell and Core’ condition. Photos from other recently let offices in the building showed newly refurbished CAT A spec.
  6. Detailed my notes and advised the client that a CAT A refurbishment would be necessary to achieve same rental tone, incentives and void period and that a discount would be applied for Shell & Core.
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5
Q

Office - Nottingham City Centre

A
  1. Instructed to sell a part let office building in Nottingham
  2. Prior to inspection, conducted desktop analysis on location, situation, history, etc
  3. Arranged inspection, established no PPE needed, requested floorplans and tenancy schedule
  4. Walked around the local area to better understanding of micro location
  5. Inspected property which was in good refurbished condition and advised client to get surveys
  6. Survey confirmed limited capital expenditure exposure in short term and we made them assignable to purchasers.
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