High Quality Government Asset Valuation

Our lawyers and registered valuers have a history of carrying out government consultancy services ranging from property valuations to asset management planning, risk management and investment strategy.

Our staff have undertaken valuation services for over 25 local government clients across Australia for financial reporting and AASB 116 / AASB 13 accounting compliance purposes. Our valuations are primarily used for financial reporting purposes and comply with all relevant International and Australian Accounting Standards. We employ experienced registered property valuers who are also Certified Practising Valuers (CPVs) under the Australian Property Institute to undertake all valuations of real property assets and are proud of never having received an audit qualification.

Our Government Asset valuation services include:

Valuation of Buildings

Valuation of Buildings

Our valuers have experience in providing valuations for all building assets no matter how specialised. For example, we have a history of providing valuations for all types of building assets including office towers, retail shopping centres, churches, court houses, industrial facilities, and schools.

Our condition-based valuations are often broken down into an elemental hierarchy which can form part of an asset management plan following your organisation’s existing asset register or per AIQS, RICS or Rawlinsons guidelines.

Valuation of Land

Valuation of Land

Our valuation specialists have the experience and knowledge required of the ever changing property market to provide accurate valuations, taking into account all aspects of the subject land parcel. Our valuers consider location, zoning, topography, climate, area, recent sales transactions and economic factors in order to produce sworn valuations.

During the course of valuation, our valuers can determine the presence of easements and encumbrances, ownership details, and assist with highest and best use determinations.

Valuation of Plant & Machinery

Valuation of Plant Machinery & Equipment

Our qualified consultants have over 40 years experience in valuing Plant and Equipment (P&E) as diverse as computers and vehicles to linear accelerators and biomedical centrifuges.

We are able to assist with the development of asset registers through asset identification and cataloguing of equipment through barcode scanning or physical inspections.

Asset Management

Asset Management

Our asset management plans provide a detailed overview of the entire life expectancy of the asset, providing the reader with the foresight required to maximise the use and value of the asset.

Our deliverables are fully integratable with any asset management system and align with the IPWEA Practice Note 3 for Buildings: Building Condition and Performance Assessment Guideline.

Typical components of our asset management service offering include:

  • Asset Register development and reconstruction
  • Detailed condition assessment reports
  • Identification of backlog maintenance tasks
  • Lifecycle cost planning
  • Preventive maintenance schedules
  • Upgrade and reconfiguration cost estimation
  • Disability Access Audits (in line with the Disability Discrimination Act, 1992)
  • Asbestos identification
  • Occupational Health and Safety issues
  • Building certification and compliance auditing (BCA)
  • Building functionality and suitability assessments
  • Risk identification and risk management
  • Cost estimation
  • General recommendations

More about our consulting services:

ROCHE Legal’s valuer(s) have provided valuation and consulting services to the following government and statutory bodies:

Albury City Council (NSW) Cloncurry Shire Council LinkWater State Property Authority (NSW)
Banana Shire Council Croydon Shire Council Logan Water Alliance Sunshine Coast Regional Council
Boulia Shire Council Dept of Justice & Attorney-General Longreach Regional Counil SunWater / Border Rivers Commission
Brisbane City Council ERAWA – Western Australia Northern Peninsula Area Regional Council Tableland Regional Council
Broadsound Shire Council ESC (Victoria) Public Trustee Queensland Tenterfield Shire Council (NSW)
Cabonne Shire Council (NSW) Fraser Coast Regional Council Redbank Plains Reservoir Toowoomba Regional Council
Cairns Regional Council Goondiwindi Regional Council Redland City Council Torres Straight Islands Regional Council
Cardwell Shire Council Gympie Regional Council Rockhampton City Council UnityWater
Carpentaria Shire Council Ipswich City Council Somerset Regional Council Warwick Shire Council
City of Swan (WA) Isaac Regional Council (Amalgamation of Nebo, Belyando and Broadsound Councils) Southern Downs Regional Council
Legal Due Diligence
Easements/Encroachments Identify site encroachments and boundary issues
Environmental Listing Determine environmental risks with the site and search the Environmental Contaminated Site Register (EMR/CLR)
Leases/Licenses Review terms and conditions of all leases and agreements
Native Title/Heritage Listing Determine if the site is free from heritage or 3rd party claims
Title Searches Investigate title for freehold/leasehold issues and risks
Vendor/Company Searches Confirm vendor has legal right to sell the property
Witness Transactions Independently witness a transfer of property between parties under the Land Title Act 1994 and Land Act 1994
Zoning/Restrictions on site Confirm building compliance and current use to Local Zoning
Financial Due Diligence
Asset Schedules Confirm assets included/excluded from a transaction
Capital Expenditure (CAPEX) Review capital expenditure and input to IRR calculation
Operational Expenditure (OPEX) Review income and expenditure for market analysis
Development Feasibility Assessment Hypothetical development feasibility assessment and valuation
Financial Management Plans Develop long-term financial management plan and produce financial models
GST Audit Audit all GST collectable and reconcile to GST payments
Income/Rent Analysis Review the lease summary for net and gross income
Independent Valuation Determine market value (or fair value) of property
Land Tax Issues Review valuation and calculations at time of purchase or revaluation
Lease Disputes Investigate all current lease disputes for financial impacts
Mortgaged Assets Confirm mortgages on property assets
Profit & Loss Statements Review last profit and loss statement for abnormalities
Rate Notices (Statutory) Review current rate notice/outgoings and recoveries
Rent Reviews Check pending rent reviews/conditions and incentives, Determine market rent – independent valuation
Rental Arrears Audit rent receipts to confirm income and arrears
Revenue/Expenditure Forecast Review income and expenditure with sensitivity analysis
Side Agreements Investigate any side agreements and other income streams
Sinking Funds Check sinking fund contributions and projected expenditure, Determine appropriate sinking fund allowance
Tax Depreciation Schedules Review latest taxation depreciation schedule or develop new tax depreciation schedule (simplified or complex)
Vacancies/Temporary Leases Confirm conditions of temporary leases and passing rent
Technical Due Diligence
Asset Register (FAR) Construction Development of a new Fixed Asset Register (FAR) or re-structure of exisiting FAR
Asset Insurance (Replacement) Value Estimate building insurance and asset replacement value, including cost estimates for debris removal and lead time
Asbestos Risk Identification of possible asbestos containing materials (ACM) and removal of non-friable ACM
Building (NLA) Areas Confirm NLA floor area survey to PCA & API guidelines
Building Condition Assessment Visual inspection of building components for deterioration and failure risk
Building Performance Assessment Review building performance requirements, gap analyses, and benchmarking of asset components
Disability Discrimination Act DDA Compliance audit for buildings and facilities
Environmental Risks Check EPA (EMR/CLR) Registers for contaminated site listing
Facade/Cladding Risks Visual inspection of facade for deterioration and failure risk
Historic Site Listing Risks Check statutory listing for heritage status of site or neighbouring site
Life Cycle Costs Calculate remaining life and CAPEX forecasts, preventive maintenance tasks, schedules and OPEX forecasts
Market Research Report Review, forecast and report trends in property / construction market
OH&S Compliance Review of building OH&S risk and propose remediation strategies
Plant & Equipment Lists Review the equipment register for depreciable assets
Flood Risks Review site’s susceptibility to flood
Security Assessment Review site’s security and risks
Site Selection Analysis Analysis of required property and assessment of alternatives
Structural Risks Inspect accessible structure for cracks, water damage and concrete cancer etc
Zoning Compliance Check DA approvals to confirm Zoning compliance