Cooke & Arkwright undertakes valuations of property for a wide range of needs. Valuations for secured lending of commercial and rural property are provided to banks and lenders and need to be focused and reliable. Asset valuations (including depreciated replacement cost valuations) are provided for a wide range of private and public sector clients including some of the major public institutions in Wales. Valuations for sale or development purposes are also provided as well as fire insurance valuations. There are 14 registered valuers within the firm.
Andrew Gardner BSc MRICS Managing Director
Elizabeth Hill BSc MRICS Associate Director
Alan Jones BSc MRICS Senior Surveyor
Tel: (029) 20 346346
Cooke & Arkwright regularly receives instructions from major clearing banks and other lending institutions to provide secured lending valuations of commercial and rural property. These are undertaken in accordance with the guidelines set down in the RICS Appraisal and Valuation Manual (The Red Book) and are in a form which is responsive to the particular needs of the lender. Instructions are undertaken quickly and by senior chartered surveyors within the firm. The scale of valuations can range from multi-million pound properties to properties with a value of less than £100,000.
Asset Valuations are undertaken for a wide range of public and private sector clients including Principality Building Society, National Museum and Galleries of Wales, Sports Council of Wales and many others. Such valuations need to be in accordance with the guidelines set down in the RICS Appraisal and Valuation Manual (The Red Book) and frequently have to deal with large numbers of properties. Cooke & Arkwright is highly experienced in dealing with large portfolios and has the systems and controls in place to handle them. Public sector valuations often include the need for depreciated replacement cost valuations.
Development projects need to be fully evaluated in terms of initial viability and ultimately detailed implementation. Cooke & Arkwright runs Argus development and investment appraisal packages which enable projects to be evolved from concept to implementation. Many of the inputs to this development appraisal process will come from Cooke & Arkwright directly.
Fire insurance valuations are required by property owners on a regular basis, especially when new buildings, or extensions to buildings, have been constructed. Lenders often require fire insurance valuations and Cooke & Arkwrights valuation department working with its building surveyors can provide the valuations required.
Taxation calculations involving Capital Gains Tax, Inheritance Tax and other forms of taxation, (including rating) will often require advice on property values, in many cases for historic dates. Cooke & Arkwright has long experience of working with the Valuation Officer/District Valuer in agreeing such valuations and has good records of historic values which are invaluable for such situations.
Advice on Compulsory Purchaser Orders is a specialist matter and Cooke & Arkwright has many years of experience of such advice for urban and rural property. Initial valuations to develop a claim will be required and then negotiations conducted on behalf of a claimant in order to resolve the claim.
Directors and Associates at Cooke & Arkwright are often asked to appear as Expert Witnesses, appointed either by the parties or the courts in disputes which involve the valuation of property. The track record of experience and credibility are important factors in such matters and Cooke & Arkwright personnel are well equipped in this regard.