In this succinct article a surveyor explains reasons why a commercial building survey is a critical component in the acquisition of a commercial property.
Commercial property surveys are complex, they view buildings in contexts of legal, structural, financial and safety considerations. They also provide a management tool that is useful at the acquisition, occupation and disposal stages of the asset. They will be extremely helpful in establishing repair and maintenance obligations.
It is important to recognise that a commercial survey should not be seen as the standalone component, they may call-in several consultants to establish a framework for successful occupation of an asset, above all they will advise where further due-diligence is required.
It would be useful to instruct the surveyor to conduct a schedule of dilapidations or scott schedule at the same time as the commercial survey, this will save time and therefore costs associated with procuring commercial property.