What we value
We value office space, shops and retail units, warehouses, service centres, production buildings, hotels and mixed-use properties. A valuation can cover individual premises within a building, or the whole building together with the land.
A commercial property valuation is usually requested by a bank before issuing a loan, by an investor before a purchase, by a company's accounts department when revaluing assets, and by parties before revising a lease agreement or contributing a property to share capital.
What documents we will need
- Land Register certificate for the building and land
- Floor plans and the cadastral survey file
- Current lease agreements and a list of tenants
- Information on rental income and any vacant space
- Running costs and utility bills for the property
- Building permit and commissioning documents, if the building is new or renovated
- Details of encumbrances, easements and planned investments
How the process works
We respond to enquiries within 2 hours, arrange a time to view the property and agree on a deadline for the valuation. The valuer inspects the property, checks the actual use and technical condition of the premises, then analyses the rental income flow, the local market rent level and comparable transactions. For larger properties, the valuation uses both the income approach and the comparable transactions approach.
For larger workloads, we bring in additional trusted valuation specialists so the work is completed more quickly.
What affects a commercial property's value
- Location, visibility and traffic flow
- Rental income, tenant quality and the remaining term of agreements
- Amount of vacant space and the market rent level
- Technical condition of the premises, ventilation and electrical capacity
- Number of parking spaces and access for goods vehicles
- How adaptable the premises are to other types of use
- Running costs and planned investments
A valuation banks accept
We prepare valuations in accordance with the LVS-401 standard, and they are accepted by the major Latvian banks, including SEB, Luminor and Bigbank, as well as other leasing companies and financial institutions.
How to prepare for a commercial property valuation
The more complete the financial information, the more accurate the valuation. It helps to prepare a summary of lease agreements with floor areas, rent, terms and indexation clauses, as well as a summary of running costs for the past year. If part of the premises stands empty, let us know how long and at what rent it's being offered.
If investments are planned for the property, such as a new roof or ventilation system, cost estimates are also useful. The valuer takes these into account, since a buyer would deduct this work from the price.
Why clients choose PRO MOTION
Commercial properties require both technical and financial understanding. We look at a property the way an investor would: what the real rental income flow is, how long the premises have stood empty, and what alternative uses are possible.
We print all valuations on forms with authenticity holograms, and for larger projects we bring in additional trusted valuation specialists to shorten deadlines. We respond to enquiries within 2 hours and immediately tell you what information will be needed.