Our Services

Property
Management (We Manage your Properties for you)

The Property Concession Company are good property managers. We have
personnel's with wide experience in the management of properties ranging
from Single Tenanted properties and Multi-tenanted properties.
Our incomparable standard-of-service, transparency, honesty and
integrity in practices relieve Property Owners of day-to-day
administrative and management responsibilities problems encountered
while trying to self manage their investment and which in-turn allowing
them to focus on their core business with peace of mind.

TPCC Property Management services offer a complete management service
including:
Tenant Selection/ Screening (To avoid long term tenant problems)
Property portfolio lease audits;
Property portfolio lease renewals:
Rent Negotiations and Supervision, leasing,
Expert maintenance,
Renovations Supervision
Property Investment reports both quarterly and annual reports.
At TPCC, we handle the problems of your property management for you.

Real Estate Marketing
At The Property Concession Company, our marketing experience is without
limit as we list scores of both residential and commercial properties
FOR SALE in variety of locations.
We help intending buyers in locating Buildings, Lands and negotiate the
sale and purchase of on their behalf. We utilize our experience and
intimate knowledge of the Nigerian Property Market to conclude
profitable transactions for our clients and help them have optimum
returns on Investment.

Real Estate Investment/Analysis
Real Estate Developmental Lease Sourcing (For Developers)
Mortgage Facilitation
Real Estate Development Supervision


VALUATION
Don't Just Sell Your Properties, Value It!!! Valuations

It has become a common practice in our country and mostly in some areas
of the country where property values are thriving and becoming more
investment option for investors.

Carrying out Valuation of your properties would not only give you an
in-depth idea of the Value of your property but will also guide in you
in making a real decision as to whether to actually sell or continue
with the Investment. Valuations are carried out for a range of purposes
such as:

Sales Valuations, Tax, Probate, Mortgage, Insurance , Compensation
etc......Business Value i.e
'Business Valuation' This is the process of determining the economic
value of a business or company. Business valuation can be used to
determine the fair value of a business for a variety of reasons,
including sale value, establishing partner ownership and divorce
proceedings, going concern etc......

What's Involved in a Valuation?

Depending on the nature/type of Valuation you wanted to carry out,
different processes are involved in carrying out Valuation. One f the
key processes are:

Physical inspection of the property.

Access to the interior of the property to take measurements, details and
pictures if necessary.

If the valuation is for a parcel of land, site maps will be required.

Type of titles attached to the said Property and if you are unsure of
the title of your property (e.g. freehold, leasehold, etc.), please ask
your solicitor to check your title deeds for you.

Other questions we might ask include;- When was the property built?
- What type of construction? - Are you located in a flood area?
- Do any rights of way exist on your property?
- Are you aware of any issues that may affect the value of the property -
e.g a claim by a 3rd party on your property for instance.

Benefits of Property Valuation

When looking for the accurate value of your home, a Property Valuation
report is a good starting point.

Property Valuation report can assist Sellers who are looking for a fair
and unbiased OR doubtful value of their property while offering it for
sale.

An estimation of your property's current worth
Municipal valuation of your property
Suburb trends
Ownership Information
Selling history
Transfer history
Comparable Sales in the area

The Property Concession Company offers one of the most comprehensive
property valuation reports for you if employed in carrying out Valuation
of your property.

Open Market Value.

The Property Valuation gives an estimated market value of a property
which is determined using various Valuation Methods;

There are a number of methods of valuing property, each of which has its
advantages and disadvantages. Often, the method changes depending on
whether you are building, buying or selling the property in question and
despite common misperceptions, valuations of a property can alter
significantly depending on the valuation method used.

However, before using any methods to value a property, there is a common
means of valuation in Ireland which is known as the Open Market Value.
This is not actually a valuation at all but is usually an educated
opinion of a property's value if it were to be sold on the open market
on a given date with reasonable time and conditions to do so. As such,
the Open Market Value is not a mathematical calculation of a property's
inherent value using a methodological approach, rather an educated
opinion based on assumed market conditions.




Methods of Valuation
Comparison Method of Valuation

Comparison Method of Valuation is the most commonly used and accepted
method in ascertaining the market value of properties. Under the
Comparison Method, the valuation approach entails comparing the subject
property with similar properties that were sold recently and those that
are currently being offered for sale in the vicinity or other comparable
localities.
Investment Method of Valuation

This method of valuation is usually applied for investment properties.
In the Investment Method, the annual rental income presently received or
expected over a period of time for the lease of the property is
estimated and deducted therefore the expenses or outgoings incidental to
the ownership of the property to obtain the net annual rental value.
This net annual income is then capitalized by an appropriate
capitalization rate or Years' Purchase figure to arrive at the present
Capital Value of the property.
Residual Method of Valuation

The Residual Method of Valuation is normally used for development land
or projects. This approach entails estimating the gross development
value of the development components and deducting there from the
development costs to be incurred, i.e. preliminary expenses, statutory
payments, earthworks, infrastructure and building construction costs,
professional fees, contingencies, project management fees, marketing and
legal fees, financing costs, developer's profits and other costs (if
any) to arrive at the residual value. This residual value appropriately
discounted for the period of development and sale is deemed to be the
present market value of the subject property.

The gross development value is derived by comparing the development
components of the subject property with similar properties that have
been sold recently and those that are currently being offered for sale
in the vicinity or other comparable localities. The characteristics,
merits and demerits of these properties are noted and appropriate
adjustments thereof are then made to arrive at the proposed selling
prices of the development components. The development costs to be
incurred are the actual or estimated costs, fees, etc which are likely
to be incurred for the completion of the development components.

Cost Method of Valuation

It is normally used for individually designed properties or specialized
properties for which comparisons are not available or in appropriate. In
this approach, the value of the land is added to the replacement cost
of the building and other site improvements.

The value of the site is determined by comparison with similar lands
that were sold recently and those that are currently being offered for
sale in the vicinity with appropriate adjustments made to reflect
improvements and other dissimilarities and to arrive at the value of the
land as an improved site. The depreciated replacement cost of the
building is derived from the estimation of reconstructing a new building
of similar structure and design based on current market prices for
materials, labour and present construction techniques and deducting
therefore the accrued depreciation due to use and disrepair, age and
obsolescence through technological and market changes.

Profits Method of Valuation

The Profits Method of Valuation is used to determine the market value of
properties with special licensing requirements. It entails the use of
the trading accounts derived from the business operation of the subject
property. The gross receipts are adjusted to cover payments for
purchases and stocks to determine the gross profit. The operating
expenses are then deducted there to assess the net trading profit. This
figure of net trading profit less the remunerative interest on the
tenant's capital is the divisible balance. A percentage of the divisible
balance is deemed to be the estimated net annual rental value of the
subject property. This estimated net annual income is then capitalized
by an appropriate capitalization rate or Years' Purchase figure to
capitalize the income to the present Capital Value of the property.

We utilize a variety of methods to calculate a value including residual,
comparable, investment and repayment methods. Our valuations are
designed with one purpose in mind --

A CLEAR AND CONCISE VALUATION OF YOUR PROPERTY FOR THE PURPOSE
INTENDED.

We charge a low flat fee for valuations of most properties which
includes semi-detached, detached, land, townhouses, apartments and
cottages...business etc......

Contact us today for your property Valuation!!!