Unforeseen environmental or health and safety issues can be a substantial liability in property investments.
Experienced investors or lending authorities require a pre-purchase Health & Safety and Environmental (HSE) assessment to provide comfort as to the real value of the purchase.
Generally, clients are concerned with major potential cost issues rather than minor issues.
Assessments are pre-purchase and clients are sometimes reluctant to incur major expense items.
These reports range from simple desktop studies plus a walk through site inspection to detailed investigations that include sampling.
Potential concerns include asbestos, hazardous materials, lead, PCBs, hazardous chemicals, USTs, exhaust controls, site contamination, air quality, lighting, building design safety, access/egress, and signage.