Derek Walker
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Derek Walker Chartered Surveyors have in-depth knowledge and experience of commercial property and valuation in the Bath area developed since 1974. We sell, let, acquire and value all sorts of business properties including shops, offices, factories, warehouses, hotels, restaurants, investments, consulting and treatment rooms, studios, development opportunities and surgeries.

In Bath and the nearby towns of Chippenham, Corsham, Melksham, Trowbridge, Bradford on Avon, Westbury, Radstock, Midsomer Norton and villages in the area. We do not deal with building surveying, land surveying, engineering, architecture, houses or flats, management, nursing homes, farms, petrol stations, radio masts, toll bridges, commons or motorway service stations, but we know people who do.

Office and industrial property sales, acquisition and valuation, rent reviews and lease renewals.
Highlights

read more › Our daily activity in the commercial property market provides up to the minute data and a wealth of knowledge and experience to apply to the valuation of property and businesses. As Chartered Surveyors we are governed by the mandatory provisions and guidance contained in the Valuation Standards of the Royal Institution of Chartered Surveyors.

read more › Most leases of more than four or five years will contain provisions for review of the rent to Market Rent at regular intervals. A large body of case law has grown up over the last fifty years as landlords and tenants have struggled with the interpretation of the drafting of rent review clauses. Fortunately not all rent reviews involve difficulty with interpretation and most depend on an assessment of market rent by comparison with the letting of similar property in the neighbourhood. We act for either landlord or tenant to obtain the very best settlement we can for our client.

read more › Properties can be let, sub-let and sub-underlet, creating a variety of different legal interests in the same building or parcel of land. The lease is a document setting out the rights and responsibilities of landlord and tenant. A good understanding of the terminology of leases is important in the sale and valuation of the various interests in property. Rent review and lease renewal - including rental valuation, timing, tactics, negotiation and expert evidence. Dilapidations schedules, their preparation and the negotiation of a claim and defence to claim.

read more › For anyone with a business tenancy, knowledge of the Landlord & Tenant Act 1954 is vital. Under this Act a lease of business premises will continue on the same terms indefinitely until brought to an end by use of the proper notice. How and when to serve such notice and the considerations that apply in each case are matters upon which expert advice should be sought at an early stage. There is no substitute for good planning and eighteen months from the date set for the end of the lease is not too soon to begin.

read more › Not every property for sale is shown on an agent's public register but only those which are being offered in the open market. Sometimes a transaction has to be dealt with confidentially in which case we make discreet approaches to our contacts or through advertising with box numbers. If you are seeking a particular type of business as a going concern then please register full details of your requirement as we may be able to introduce you to further property which is not being openly offered. We often work for those wishing to buy or rent a property or business and in that case we look to that person for a fee or commission for seeking and securing premises.

read more › This firm is experienced in valuation for rating purposes and we will be pleased to advise on whether the Rateable Value seems correct, whether it is in line with other Rateable Values and what the financial implications of an objection are, bearing in mind the previous rates payable and transitional and other reliefs. Not all Rateable Values are too high and not all have increased! Beware making an objection without being confident that all of the property and recent improvements are included and that a reduction is likely.

read more › The valuation, sale and acquisition of businesses has long formed part of the practice of this firm. We work with the client's accountant and solicitor as necessary to gain a proper understanding of the business, its saleability and the complications that are likely to arise on transfer. The value of a business is usually made up of a property value (whether freehold or leasehold), goodwill and fixtures, fittings and equipment. Stock is transferred at valuation but the amount of stock which a buyer is asked to take over can affect the value of the other assets.

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