Valuation for secured lending purposes.
In-depth valuation report within required timescales.
Successful acquisition for Bank’s client.
National Westminster Bank plc, Valuation
6,775
sq ft
50:50 business industrial unit, Boundary Business Park, Woking, Surrey.
Challenge
Vail Williams was appointed by National Westminster Bank plc to carry out a valuation for secured lending purposes on a complex 50:50 business industrial unit in Woking, Surrey.
A lack of open market evidence of similar premises in the area was challenging. We drew upon our comprehensive proprietary transactional data and knowledge of the local market to confidently value the property.
How we helped
- Inspected, measured and surveyed the property, including commissioning an environmental report.
- Drew upon our comprehensive proprietary transactional data to confidently value the complex property.
- Drafted a RICS-compliant valuation report for the bank within the required timescales.
- Valuation report informed the bank’s decision to lend against the asset.
“Vail Williams know their area, properties and market and we have been using them for many years. With a limited supply of these types of buildings around, Sus López-García was able to put together a reliable RICS-compliant report. He kept us informed of the stages and was able to successfully deal with any post-valuation queries which eventually led to our client purchasing the building.”
Andy Meyer, Senior Relationship Manager, NatWest, Surrey & South West London.
Result
- Comprehensive understanding of the market, together with proprietary data, resulted in an informed valuation report.
- Dealt with all post-valuation queries, enabling satisfactory purchase of the property for the Bank’s customer.
- Continue to build upon market data intelligence to support the valuation of similar properties in the future.
Get in touch
If you think you may need similar support to that described here, or you would simply want to have an informal chat with a member of our team to discuss your property needs, get in touch.
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