Commercial Valuations

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At Steren Surveyors we specialise in RICS Redbook Valuations for a wide range of commercial properties, including hotels, guest houses, care homes, restaurants, public houses, office blocks, industrial units and many more.

A RICS Redbook Valuation, otherwise known as a Bricks and Mortar Valuation, is a crucial tool when looking to sell or insure your business premises.  The report includes a BCIS Reinstatement Cost Assessment, which is important to ensure that a correct insurance policy of a business premises is implemented. This is to prevent the risk of being under-insured, which can lead to the insurance provider having the right to invoke the Condition of Average Clause where the total claim is reduced proportionally to the value of under-insurance. This could result in the policy holder being liable to pay the shortfall in costs in the event of an insurance claim.

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To ensure all Reinstatement Cost Assessments are accurate, we offer a bespoke service to every client, which includes thorough desktop research, a site visit to methodically inspect the premises and utilising a range of valuation methodologies. After which this will then be compiled into a detailed and easy to read Royal Institute of Chartered Surveyors’ compliant Valuation report.

With over 25 years of experience within Cornwall’s property industry, we can provide our clients with highly accurate valuations and reinstatement cost assessments, executed with high standards of professionalism.

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