Investment Surveys
'Investment Surveys' (due diligence inspections for investors) concentrate on the implications of acquiring freehold property let to tenants on partial or full repairing and insuring terms. The survey assesses the condition of building and services elements against requirements for repair set out in the lease, guiding the purchaser on exposure to maintenance and future expenditure that may not be the responsibility of the tenant. The principal concerns of the investor generally centre on matters such as deleterious materials, environmental aspects, inherent defects and potential wants of repair involving future capital injection. It is vitally important in the investment decision-making process that all liabilities and technical issues are carefully considered and placed in proper context.
Structural Surveys'
Structural Surveys' (building inspections for occupiers) focus on issues affecting day-to-day use of the building or demise. These surveys are valid for old and new property whether under full or partial repairing terms.
The advice does not vary even where the landlord repairs elements or common part areas as he invariably recovers repair costs by way of service charge accounting. It is therefore crucial that lessees understand the condition of the entire property, including direct and indirect financial liability. Schedules of Condition can be prepared to restrict tenant repairing liabilities.
TGA's Approach
TGA Building Consultancy has a substantial track record in providing structural surveys and due diligence for UK and International clients covering office, industrial, retail, hotel, leisure and public sector properties. Our expertise extends to the assessment of building structures, services installations, deleterious materials and environmental audits, involving physical testing of components where appropriate.
TGA undertake to provide a qualified survey team on site for any survey commission within 48 hours of instruction and to deliver a formal 'Executive Report' within 24 hours of property inspection. We aim to procure historic details from vendors, examine local authority records and liaise with solicitors, all included within a previously agreed fixed fee, in an effort to ensure that the fullest possible technical and commercial advice is given.
TGA's accredited laboratory capability enables rapid turnaround of material test results, often as little as 72 hours for concrete sampling and analysis. Combined instructions providing survey, fire insurance valuation and capital allowances advice allows TGA to offer the best fees available. Significant advantages and financial benefits can accrue by grouping these important and complimentary property aspects.
TGA Building Consultancy has undertaken technical due diligence on large portfolio acquisitions, in M&A situations and on some of the world's most renowned buildings (Savoy Hotel, London - Four Seasons George V Hotel, Paris - Hotel Ritz, Madrid - Hotel des Bergues, Geneva). We have acted in many international locations including Belgium, The Czech Republic, France, Germany, Holland, Italy, Poland, Portugal, Spain, Sweden, Switzerland and the USA. |
