Valuing Hindu Temples - Case Study

Project:

Commercial valuations - Hindu Temples

Location:

Newham, East London

In Brief:

We recently prepared two commercial valuations for a religious trust in London – one for its new Hindu temple, and the other for its now derelict former place of worship, which it wanted valued for letting as a commercial office. Both valuations were prepared to satisfy the trust’s annual financial records.

A Unique Approach

Accurately valuing places of worship poses many challenges – especially for buildings that trusts wish to dispose of and no longer use as a place for worship. Fortunately, our knowledge, experience and comparable data insights in this sector – as well as our commitment to thorough, carefully considered reports – ensure the right valuations are always reached.

Accurately valuing places of worship poses many challenges – especially for buildings that trusts wish to dispose of and no longer use as a place for worship.”

We approached the two valuations in distinct ways. For the new temple, we didn’t need to consider other uses for the building beyond a place of worship. Instead, we sought comparable market data – which is not easy to find – before applying the depreciated replacement cost (DRC) method. This resulted in a robust valuation, which we shared with our client in a detailed report.

When valuing the trust’s previous temple – now essentially derelict but structurally suitable for potentially converting into offices (subject to planning) – many other influencing factors needed to be considered.

We gathered comparable office data and also considered factors such as desirability, accessibility, noise, and parking before submitting a comprehensive report.

Foundations for the Future

We know that our commercial valuations drive your thinking and your future. That’s why we take the time to fully understand your business, your building, your purpose, and every influencing market factor before providing you with not only a valuation you can be confident in, but also the methodology underpinning it.

To find out more about our commercial valuation services or to request a valuation, call 0121 817 7670, or email Pareemit Tyagi p.tyagi@eastonbevins.co.uk

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