IMEX HOUSE, BASINGSTOKE

Instruction Synopsis

Propitas were appointed to carry out a pre-acquisition building survey of this refurbished office building of 52,000 sq ft arranged over four floors. The property was constructed in the 1970’s and was originally constructed as an electronics factory.

Being predominantly let on all floors, we worked around the tenants with the specialist mechanical and electrical engineers and inspected all aspects of the property, including an environmental report as requested by the client.

HOW PROPITAS ADDED VALUE

We tailored our report and advice to take account of the client’s proposed business plan, including providing broad budget cost plans for intended repairs and refurbishment works. All our advice was provided on a commercial basis to allow the client’s appraisal to be sensibly compiled.

Propitas advised our client on the condition of the building, the nature of any existing defects and the associated cost implications, presenting these within a commercial context to enable the client to make an informed decision about the acquisition.

We advised on the likely cause of cracking that was observed to the brickwork on the external elevations, as well as the potential risk of deleterious materials within the property.

KEY INFORMATION

• Technical compilation of summary pre-acquisition report
• The summary report was provided within 72 hours and highlighted the need for specialist further inspection, which we managed on behalf of the client
• We provided the client with a single report inclusive of any recommendations from both the Mechanical and Electrical engineer
• Propitas highlighted the cracking noted to the brick infill areas surrounding the premises and advised on further investigations to mitigate the issue

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