Service: Pre-acquisition Building Survey
Location: Leeds City Centre
We were appointed to undertake a pre-acquisition survey on behalf of Manchester-based Glenbrook Investments in relation to its acquisition of the freehold interest in Albion Court, Leeds, for £6.7m. As well as the pre-acquisition survey, we also co-ordinated the M&E survey and provided repair costings.
A pre-acquisition survey enables clients to make informed decisions about any potential future property investments and avert any potential risks. A report will typically include detailed analysis of the building’s structure, condition, any defects, future maintenance requirements, associated budget costs and also advises on the legislative compliance issues.
We also worked closely with an independent mechanical and electrical consultant to review the installation of services, so every detail was accounted for in the final report. This enabled Glenbrook Investments to make a fully informed decision. We are also continuing to provide ongoing post-acquisition advice.
Albion Court, which is part Grade II-listed and extends to 31,400 sq ft, provides a mix of leisure, retail and office accommodation over five storeys.
Scott Griffiths, director, investment management at Glenbrook, said: “Thank you for your diligent assistance on this one, Ben and the team at Silverstone”.
At Silverstone our team of Chartered Surveyors offers a high level of experience in undertaking detailed commercial Building Survey Reports on a vast range of properties, ranging from single buildings to extensive property portfolios.
If you require a Building Survey or any specialist advice please do not hesitate to contact a member of the team on 0113 320 7879 (Leeds) or 0191 231 4263 (Newcastle).