In the UK, a professional valuation report on a commercial property is typically between £250 to £750. This is for a basic report detailing the principle value of a commercial property and evidence behind the figure.

The question is similar to how long is a piece of string. If a property is larger, more complex or a rarity of usage, valuations require more skill and further investigation. For a RIC’s registered valuation, a client will pay more.

Valuations

Valuations vary in complexity and the valuation of a 500sqft property will be easier than a 2 acre mixed use estate. Ultimately, service is quintessential and it is increasingly important to use a trusted, renown commercial property consultancy firm – for instance, Shepherd Commercial.

We’d recommend obtaining at least two quotes for a valuation report and compare them not only on price but on service and effort. Whilst you may get a cheaper valuation report at one place, they may only use basic com-parables on Rightmove or Zoopla, thus giving you less evidence to present to landlords, tenants or purchasers.

Costings

Mentioned earlier, you will pay a slight premium for a RICS regulated firm, and rightly so, the service will be to a high standard along with strict compliance to ethics, standards and practices.

Whilst the majority of valuation reports sit somewhere between £250 and £750, it is not rare to see prices such as £3,000 for an asset. £3,000 may seem extortionate for Mr and Mrs Smith with a single retail unit, which it is, however hedge funds, REITS and major private landlords will front the costing for an extensive valuation report of versatile and potentially large assets.

If you’re looking for a valuation report of any level in Birmingham, Solihull or anywhere in the West Midlands, contact us on our form in the top right for a quote.