When is a commercial property valuation required?
Commercial real estate is divided into the following main categories:
- office;
- administrative;
- storage and logistics;
- retail;
- building complexes;
- production;
- other purposes.
When buying or selling commercial premises, there is a risk of selling the object too cheaply or buying it too expensively, therefore it is very important to determine the exact value of the property being sold/bought.
Commercial property includes:
- office premises;
- administrative premises;
- warehousing and logistics property;
- retail premises;
- building complexes;
- production premises;
- other commercial property.
When buying or selling commercial property, it is important to establish its value in order to reduce the risk of selling too cheaply or paying too much.
Professional valuation reports may be used for important property-related decisions involving financing, investment, taxation and insurance.
Commercial property valuation is commonly required when:
- ownership of the property changes;
- the property is declared or taxed;
- the property is pledged as collateral;
- disputes concerning property value arise;
- damage to the property must be assessed;
- its investment value needs to be determined;
- a valuation is requested by the owner or client.
1Partner specialists provide professional commercial property valuation services and related consultations.