November 8th, 2018

Groundsure Commercial Conveyancing Report Updates – New and Improved

Groundsure have redesigned and enhanced their two most popular commercial conveyancing environmental reports with new features, and improved layout and design for clearer navigation. Probably the most significant thing to note about these updated search reports is that the Groundsure screening now includes a full flood risk analysis, which means there is no need to purchase a separate flood report, this benefits both you and your clients with less paperwork and a nice cost saving to boot.

Read on for product summary and key changes to note.

Groundsure Commercial Screening Report

York Place recommends this report for lower value, straight forward (no change in land use) commercial property transactions or multi-site portfolios.

It covers contaminated land, flood, ground stability, radon and energy risk assessment. It has been intelligently designed with input from property lawyers and an aim to keep their workflow streamlined. It promises that only relevant results are returned, making for concise and easy to follow results and recommendations.

It covers properties from 0 – 15 hectares in the first size band/price tier, and goes up to property size of 50 hectares. It has been developed with the leading UK banks in order to meet lending security compliance and meets your due diligence requirements under the Law Society's practice notes

Key Commercial Property Environmental Risk Assessments:

• Contaminated land assessment that is Law Society compliant
• Now includes a full flood risk analysis including river, coastal, surfacewater and groundwater
• Now includes full energy report; oil and gas exploration areas, wind and solar farms, power stations and large energy infrastructures
• Includes planning constraints data about cultural and environmental designations that could affect planning proposals
• Property specific radon assessment
• Screens for transportation – HS2, Crossrail 1 & 2, and other active railways including London Underground

Cover - £10m Professional Indemnity Insurance (any one claim). Can be relied upon by all professional parties within a property transaction, first purchasers / tenants and their advisers.

Groundsure Review

York Place recommend this updated report as the most cost-effective commercial report available for the property industry.

It is recommended for complex industrial sites, high value property transactions, and sites that require redevelopment. Each report is written and reviewed by Groundsure’s in-house team of environmental specialists who can be contacted in the event of a query.

This environmental search report provides a detailed manual assessment of contaminated land risk, alongside a comprehensive review of flood, radon, energy, transportation, ground stability and planning constraints. It now includes full energy and transportation sections with planning applications available as an optional extra at no extra cost.

Key Environmental Risk Assessments

• Contaminated land assessment that is Law Society compliant
• A full flood risk analysis including river, coastal, surfacewater and groundwater compliant with Law Society guidance
• A manual review of historical ordnance survey mapping, and an in depth historical contaminated land database dating back to the 1840's
• Now includes full energy report; oil and gas exploration areas, wind and solar farms, power stations and large energy infrastructures
• Includes planning constraints data about cultural and environmental designations that could affect planning proposals
• Ground stability screening including natural and man-made subsidence potential
• Now includes full transportation report – HS2, Crossrail 1 & 2, and other rail including London Underground
• Comes with the option of including a full Planning report including planning applications at no extra cost
• Covers properties from 0 – 15 hectares in the first size band/price tier (it used to be 0-5 in the first size band)
• Property specific radon assessment

Cover – £10M professional indemnity insurance (any one claim). Can be relied upon by all professional parties within a property transaction, first purchasers / tenants and their advisers.

Alternatively, if you wish for more information, product cards or to schedule an in-house training session please contact Property Search Client Services:

Matthew Bromfield

Tel: 0113 224 5450

Email: matthew.bromfield@yorkplace.com

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