Is your property working for you?

By Trevor Dawson Chartered Surveyors

22 Jan 2019

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Whether you are a property owner or tenant, you’ll be aware of the importance that property size, condition and layout arrangement has on your bottom line. Does it represent an efficient use of space? There are hidden, as well as the obvious demanded costs for occupying poor and inefficient property.

Productivity losses are even more obvious in a manufacturing or warehousing environment where inappropriate space can cause all kinds of disruption, ultimately losing money for the business. Sometimes “wrong sized” industrial space can cause other problems. For example, we project managed the demolition of a link building that connected two industrial units to form a large industrial site which attracted little interest from buyers when the owner wanted to sell. The outcome of splitting the units into two sites immediately made them more attractive to buyers resulting in quick sales of both buildings. Furthermore, the total sales price achieved was greater than if the two buildings had been sold as one lot.

When helping to solve our client’s problems, we place great emphasis on detailing work specifications and other tender documents as thoroughly as possible before tendering the works. This produces more accurate tender returns, reduces the risk of project cost over-runs and provides our clients with the benefit of greater cost certainty. As they say, “The devil’s in the detail”

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