Start With a GreenLight Commercial Land Survey
The GreenLight Report Environmental Report is the perfect tool for screening a property for any environmental issues. The GreenLight Report provides an appraisal of any environmental issues as well as guidance as to any further investigations that should be considered. Taking a holistic view to environmental issues the GreenLight Report covers land filling, radon, all types of flood risk and geo hazards.
What can the GreenLight Report be used for?
The GreenLight report can form part of any type property acquisition risk analysis and has a variety of commercial applications:-
- Pension funds
- Buy to let investments
- Commercial & residential investments
- Property development
- Valuation process
How do I order a ‘GreenLight Report’?
The GreenLight Report costs just £29.99 (including VAT) and can be ordered through our secure online payment system.
More about Commerical Land Surveys
Before taking the decision to buy any property, most people are now aware that future residuals are part of the decisions made by banks (and other financial lenders). Understandably so, they have to protect the cash they lend, and this means making sure there is an asset in place for at least the length of the borrowing term.
When commercial property is considered for purchase, with a view to either tenancy or to rent as an investment, the majority of businesses or individuals will need to borrow a large percentage of the money to fund the purchase. This is where it becomes vital that the lenders see a potential for steady growth in the value of the property, not only keeping its current asset value.
Even if you are funding the purchase without a loan, the security of the commercial property value is paramount to the investment.
A major consideration for the price of land, or a building which is on a plot of land, is the history and current status of environmental health. The environmental factors which will / could affect the future residuals are quite often impossible to see or discover, at least until you have paid for the land searches which is at point of offer in normal circumstances.
The way in which a Green Light Report comes in before the traditional commercial land survey, is by taking the basic data required to make an educated decision as to whether the property is at risk. The commercial land survey via your solicitor, or from a land surveyors who actually go out and complete a full survey at great cost, will bring up the same issues but are more expensive.
Buying a commercial land survey will cost money that you don’t need to spend, when it comes to finding out if the land you are targeting is affected by major problems such as historical landfill, radon gasses, coal mining sites or shrinking clay.