Inspection L2 Flashcards
Give me an example of where you have recognised a limitation of your knowledge and sought external specialist advice.
Fairly regularly. 80 Burford High Street. Advising on dilapidations survey.
Last week completed a market appraisal where my advice on planning was conditional on seeking specialist advice from a planning consultant.
Explain to me your inspection methodology when inspecting a property.
Clarify scope from client.
Terms of engagement.
Desktop survey.
Take any PPE and Equipment.
Risk assessment.
Examination of locality.
Exterior inspection.
Internal Inspection, top to bottom.
Any desk based follow up.
Record digitally.
Explain to me what information you gather when inspecting buildings.
Depends on client scope but…
Information on locality.
Position on the location and setting.
Exterior appearance and construction.
Any apparent defects.
Interior measurements.
Interior condition and specification.
Services
Lease compliance.
Fire safety measures.
Parking
What would you do if you identified a potential defect on site?
Report it to the client along with evidence.
Where necessary advice further investigation.
File the evidence in our electronic filing.
11 High Street, Chipping Norton. Tell me about your due diligence prior to inspection?
Discussion with the client about the property.
Looked for all open source information I could prior to inspection, including market data.
Met with the building surveyor who had completed the dilapidation report, specifically any known risks associated with the premises.
11 High Street, Chipping Norton. Did you check the asbestos register before inspection?
Yes, It had been occupied by a bank previously and so compliance was good.
11 High Street, Chipping Norton. What were you looking for on this exercise?
What were you looking for on this exercise?
Primary purpose was to provide the Landlord with advice on re letting the property. Specifically, the extent of works that I felt the landlord should do and what could reasonably be left to a new tenant.
11 High Street, Chipping Norton.Did you inspect the external demise or the condition of neighboring properties?
Yes, I considered a side access alleyway and noted to follow up with the landlord to understand what would be permissible as a right of access via the rear of the property for a tenant. I also noted the condition of the shop front, specifically a leaking hopper that had caused damage to the shop front and neighboring shopfront.
11 High Street, Chipping Norton. Tell me about the significant value factors.
Hard frontage.
Position on the high street.
Internal height differences.
Poor condition.
Bank fit out.
Versatile interior space (stud walls).
Rear access.
Free parking immediately in front.
High percentage of rear storage and offices (50:50).
Porsche Centre Moreton-In-Marsh. How did you come to the opinion that the property wouldn’t achieve a market leading rent?
Because market leading office rents in the area tend to have the key feature of a grade specification, often often in historic buildings but most importantly in picturesque rural settings. This could have been the former but could never have been the latter.
Porsche Centre Moreton-In-Marsh. Whilst inspecting this property, tell me about your notes you took.
Instruction was to consider what could be done to achieve a market leading rent. Inspection focused on:
* Desk based investigation on neighboring occupiers and rents.
* Locality, other neighboring businesses and setting.
* Building construction
* Internal configuration and use of space
* Possibility for subdivision
Porsche Centre Moreton-In-Marsh. Had an asbestos survey been undertaken given the property’s age?
We had been informed that a survey had been completed and there was none in the property. The property was owner occupied, by a fairly wealthy association and money had been spent to maintain and repair it.
Porsche Centre Moreton-In-Marsh. What PPE was needed?
None. It was in use as a show room/museum and associated offices.
