Core service
Feasibility studies.
What could this site or building be?
Testing what a site or building could become, what each option would cost and what it would return, before money is committed.
Before buying, converting or redeveloping, the question is which option is worth pursuing. We look at demand, the condition of what is there, the planning position, the cost of each option and the return, and set them side by side so the decision is made on evidence.
Who it is for
For buyers who want to know what they are taking on before they exchange, for owners deciding whether to sell, convert, redevelop or hold, and for businesses buying premises to occupy. The study is sized to the decision: a single building and two options is a different job from a multi-plot site. For a building you already own and want to get more from, see asset strategy.
What it covers
- Condition and constraintsWhat is there now: the site or building, access, services, and anything in the title or the ground that limits what can be done.
- Planning positionThe existing use, the planning history and local policy, and what a change of use or a new consent would involve.
- DemandWho would buy or rent each option, and at what level, drawn from local evidence.
- OptionsEach realistic option defined clearly enough to be costed and compared.
- Cost and programmeWhat each option would cost to deliver and how long it would take.
- Financial modelValue, cost, finance and return for each option, with the assumptions that matter most tested.
- RecommendationWhich route to take, what could change the answer, and the next steps.
How it works
- 1
Brief
The decision to be made, the budget, the timescale and the information already to hand. - 2
Investigate
A visit to the site or building, a review of the planning position and the market evidence. - 3
Compare
Each option costed and modelled on the same basis, so they can be set side by side. - 4
Recommend
A written report with the recommended route, the risks and what to do next.
Questions we answer
- 01What is the demand, and who would buy or rent it?
- 02What condition are the land or buildings in, and what would each option cost?
- 03What does the existing planning position allow, and can the use be changed?
- 04Which option gives the best return: sell, convert, redevelop or hold?
What you receive
- Condition and constraints review
- Planning position and change-of-use implications
- Costed options, compared like for like
- Financial model and recommended route
A client buying three industrial units will occupy one and wants the best return from the other two. The study covers the fit-out cost for their own building, and the options for the others: sell on, convert to offices or let in the existing use.
Read the write-up →Guides
Common questions
- Is a feasibility study the same as a valuation?
- No. It is advice to help you decide what to do, based on your objectives and the evidence available. It is not a formal valuation, and a lender will normally need its own.
- What do you need from me to start?
- Whatever you already have: the address or title plan, any drawings or surveys, the asking price or your budget, and what you are trying to achieve. Gaps are picked up during the study.
- What does it cost and how long does it take?
- Both depend on the size of the site or building and the number of options. The scope, fee and timescale are agreed in writing before work starts.
- What happens after the study?
- You have a recommendation you can act on, with or without us. If you go ahead, we can manage the development or the project for you.