News

As the dental sector is a fast expanding property market we are seeing the number of acquisitions rapidly increasing and our knowledge and expertise in this area makes us perfectly placed to be able to assist potential owners. By providing Commercial Pre-Acquisition Reports we can give peace of mind for any interested parties looking to acquire an existing dental surgery and producing Photographic Schedules of Condition we can assist in limiting the liabilities for the new owner moving forward.

 

Over the last 12 months, SHW have provided wide ranging advice to a variety of individual and nationwide firms in order to help progress their property strategy. Highlights include:

 

• Being appointed as a Single Joint Expert to provide a valuation report on a dental surgery that was being disposed of. The seller and prospective purchaser could not agree a price and negotiations almost broke down until our well evidenced report broke the impasse and aided with a final agreement and smooth transaction.
• Working with two large dentistry groups to provide pre-acquisition reports and schedules of condition to ensure that they have a clear picture of the condition of the property and can limit their liabilities once acquired.

 

Harry Beyer, Building Consultancy Associate comments “We work closely with multiple firms who are looking to acquire dental premises’ and want a review of the building and site prior to their acquisition. SHW’s knowledge and experience in this sector can ensure we are aware of the pitfalls and issues of buildings in this use and can highlight any potential issues before a landlord or Tenant agrees to proceed with their acquisition.”

 

Carlie Edgerton, Registered Valuer Associate for SHW comments “In an uncertain commercial market, it is imperative to seek appropriate advice to protect your interest. SHW’s expertise can help to align your property strategy with short, medium, and longer term aims to ensure you get the most out of your building for your business.”

The main areas we work within include:

 

Commercial Pre-Acquisition Reporting

• Desktop review of provided documentation prior to inspection.

• Inspection of the property.

• Comment on existing condition with any major defects highlighted.

• Highlighting any evident issues observed during inspection such as asbestos.

• Estimated maintenance costs over short, medium, and long term.

• Review of provided lease documentation where applicable.

• Searches into available information and checks such as EPC, Land Registry Documentation, Environmental Searches, Planning.

 

Photographic Schedules of Condition

• Full schedule of colour photos with description for each photos showing condition of the property and highlighting any defects which can be appended to a new lease and used as

 

Valuations

• Market Value on behalf of owners or partners looking to buy or sell their share of the property.

• Market Value on behalf of banks for secured lending e.g. mortgage or re-mortgage

• Market Value on behalf of prospective sellers and purchasers as a Single Joint Expert

• Market Rent assessments for landlords or tenants to understand the Market Rent of the unit.

 

Lease Advisory

• Negotiating heads of terms to ensure client is protected for the duration of the lease and that the lease aligns with their aims for their business and property.

• Negotiating and advising on rent reviews, lease renewals and lease re-gears

 

For more information on this please contact Harry Beyer on hbeyer@shw.co.uk or Carlie Edgerton at cedgerton@shw.co.uk