Graham + Sibbald (G+S) were appointed to provide advice in connection with a re-instatement cost assessment of a historic public house and office premises in Central London. The Public House is of considerable historical interest as extracted :-
“ALDGATE HIGH STREET, EC3 1. 5002 (South Side) No 47 (Hoop and Grapes Public House) TQ 3381 SE 12/385 4.1.50. Probably late C17 Timber framed building of similar appearance to No 46. Ground storey with sash window flanked by doorway under pentice roof – partly old. 2 carved posts at entrance perhaps C17. Large, irregular rear wing, partly rendered and partly boarded. Nos 46 and 47 belong to a type of building once common in London but now very rare. Listing NGR: TQ3373081234”
WHY G+S
Graham + Sibbald were instructed due to our wealth of experience in Re-instatement Cost Assessments of portfolio valuations along with individual and unique properties which annually exceeds Declared Values reported in excess of £1 Billion per year.
Furthermore, as a result of our dedication to provide a very high service at a very good cost, we work with a broad spectrum of clients, including a number of leading names in the public and private sectors, representing a wide range of retained clients including Local Authorities, Inward Investors, Government Departments, Major Retailers and Industrialists, Licensed Trade Operators and Insurance Brokers via their Loss Adjusters, amongst many others.
APPROACH
G+S were tasked with a full measurement of all areas of the joint demise to accurately split out the various iterations and additions onto the main original historic public house property.
SERVICES PROVIDED
Some of the key services provided during the instruction are:
- Initial survey and inspection of property and full measurement of all GIA’s
- Full assessment of differing areas of the demise for different historical time periods
- Assessment of re-building rates for differing forms and ages of construction
- Compilation of RCA report and recommendations for value for Re-Instatement assuming total loss
RESULTS
Since reporting the Client has been able to re-insure the entire property as one entity with the comfort of having an accurate breakdown of each areas specific features and construction types.
KEY MESSAGE
Having extensive experience and knowledge of different types of construction from various construction dates combined with an accurate assessment of differing parts of the demise allowed us to distinguish areas and identify appropriate re-build rates.
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