Additional Flashcards
1
Q
What documents might your request before undertaking an inspection?
A
- Operation & Maintenance (O&M) manual
- Asbestos register
- Title plan
- Floorplans
2
Q
If remediation works are required at a property, how could you estimate the cost of these?
A
- Speak to contractors to get quotes to carry out the works
- Verify these estimates with building surveyors
3
Q
How would you inspect the roof of a property?
A
- Avoid inspecting the roof if possible
- Ask a specialist contractor to undertake an inspection of the roof
- Need to have regard to the Work at Height Regulations 2005
- Would be conscious of roof lights when inspecting an industrial unit
4
Q
What characteristics would you look for to determine the quality of a retail unit?
A
- Configuration and layout of the unit - preference for rectangular shape as otherwise makes it difficult to fit out and merchandise
- Masking - areas not visible from the shop frontage command a rental discount
- Frontage - typically apply a rental discount for hard frontage and rental premium for a return frontage
- Access arrangements - allow loading and unloading of goods
- Ancillary space
5
Q
What can you look at as an indicator of the quality of the retail pitch?
A
- Proportion of retail tenants vs. non retail tenants (e.g. estate agents, banks).
- Local vs. national tenant mix
- Architecture of the buildings
- Proximity to key footfall generators
6
Q
What document could you look at to confirm the construction of the property?
A
- Operation & Maintenance (O&M) manual
7
Q
What types of foundations are there? What will determine the type of foundations used?
A
- Generally split between shallow (trench, strip) and deep (piled) foundations
- Type of foundation used will depend on the age of the property, the size and the ground conditions
8
Q
What could the disadvantages be of having a low site density on an industrial property?
A
- Increased security risk and risk of fly tipping
- More perimeter fence to maintain
