Castle Mill
Client | Sartex Quilts & Textiles |
Location | Rochdale |
Market Sector | Industrial |
Roles | Professional / Building Reinstatement Cost Assessment |
Peacock Stevens were awarded the instruction from a local based client to undertake a Building Reinstatement Cost Assessment (BRCA) of the Castle Mill building in Rochdale.
The 100,000 sq ft building provides a large warehouse, offices and showroom over two stories. No historic information was provided so measurements had to be undertaken on site and a general assessment of the buildings condition.
The final report and calculations showed that the building was, at the time, over valued for insurance reinstatement by 20% of the value calculated. This actually saved the client money due to the lower value, which in turn reduced insurance premiums.