Propitas were appointed to undertake a Building Survey of this large 1980’s office building as part of our client’s freehold acquisition. We arranged for appropriate Environmental Phase 1 and Mechanical, Electrical and Lift reports in conjunction with our own advice and presented these as a single, fully co-ordinated and cohesive report to the client.
At the time of acquisition, some significant portions of the property were vacant and so we provided the client with budget costs of refurbishment of these areas, including the associated mechanical and electrical requirements.
We also commented upon the tenancy schedule and provided advice on dilapidations, associated timings and strategy.
Our standard report also included a full Reinstatement Cost Assessment (RCA) for insurance purposes, split between the multi-tenancies for apportionment purposes and recovery under the service charge.
HOW PROPITAS ADDED VALUE
Propitas were able to advise the client on the physical 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.
Our associated knowledge of contract administration and cost consultancy, allied to considerable dilapidation expertise, made us the ideal technical partner for the client in moving forward with various asset management initiatives.