A new specialist referral veterinary hospital, to be converted from a vacant warehouse unit.
To advise on the Market Value of the leasehold interest in the property as a fully equipped and operational entity, taking into account trading potential once developed and trading at mature and sustainable levels of income and net profitability.
In producing the valuation report, we analysed projections and benchmarked them against existing trade at the current veterinary practice.
Due to our market knowledge and the high demand for such businesses (which is mainly dominated by corporate operators acquiring smaller individual practices and small groups) the bank agreed to lend the entire amount for the conversion works and the fit out costs.
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