Our Services

We provide professional property valuation services which are executed by our trained, registered and licensed valuers. In addition, we also provide advisory services with regards to development feasibility and planning application services as well have investment transaction advisory.

Valuation

We value all principal property types (i.e., residential, commercial, industrial, institutional, mining and agricultural) to internationally accepted standards for various purposes such as sale, purchase, compensation, insurance, accounting, mortgage, national and municipal taxation (rating) and letting. Besides immovable property, we also value way leaves, plant and machinery and other movable assets (e.g. office furniture and motor vehicles) for different purposes.

Property Management

Property management is the husbandry of built assets in accordance with the objectives of the owners. Although some owners look after their own assets, real estate is best expertly managed in order to sustain its life span, enhance values and ensure a regular flow of income and/or intangible benefits. To achieve this ideal, from the outset, we formulate a property management plan based on a detailed assessment of your property(ies).

  • The plan will inter alia spell out what should be done (both in the short and long terms) in order to address the property(ies)’s weaknesses and/or capitalize on its (their) strengths to harness its (their) potential

  • Additionally, we enforce leases, secure reputable tenants, collect rentals, supervise and co-ordinate repair works, advise on market rentals and appropriate rent review patterns to be enshrined in the Lease Agreement(s); keep records, and do general upkeep of the property(ies).

  • Our property managerial expertise will prevent your estate from deteriorating into a slum(s)!

Rating

The rating Act No. 12 of 1997 provides among other things that a Main Valuation Roll should be prepared once every five (5) years and supplementary Valuation Roll any time within the five-year period. In this respect S P Mulenga, has one of the highly qualified members of staff who can competently assist local authorities in preparing the Valuation Rolls (Lists). Apart from undertaking such exercises, the firm is also well placed in assisting those property owners who feel that their property(ies) have been either wrongly entered or overstated by objecting on their behalf and appearing before the Rating Valuation Tribunal to defend the objection(s).

Estates Agency

We sell, let or secure immovable property of various descriptions on behalf of clients. However, we do more than merely introducing a potential purchaser or tenant to a property. Thus, we:

  • Advise the seller on the likely market value of the property;

  • “Qualify” prospective purchasers or tenants i.e. ascertain whether they are financially able and willing to buy or rent the property and what their accommodation needs are;

  • Advise a prospective buyer on the suitability of the property for his/her needs, its general condition and whether there are any restrictions on the use of the property;

  • Negotiate the transaction carefully taking into consideration the interest of all concerned parties; and

  • Liaise with the Lawyers attending to the transfer of the property.

Property Development Appraisal and Co-ordination

Whether a development involves the building of a single dwelling house or a housing estate, or a skyscraper office block or simply the conversion of a small residence to office usage, our services are indispensable in order to produce a value for money property. Our pre-investment services include the following:

Feasibility studies

We ascertain the technical practicability of development scheme through feasibility studies. Our studies furnish you with answers to questions such as: Can it be done? What type and size of development is practicable for the subject site? Is the development practicable from the physical, marketingand above all economic points of view?

Viability studies

Taking cognizance of results of a feasibility study, we establish the socio-environmental desirability and financial profitability and sustainability of the development scheme through viability studies. Such studies take into account the initial capital outlay,projected annual running costs and income or intangible benefits. Besides aiding you in the making a decision whether or not to undertake a given proposition or choose between two or more schemes, feasibility and viability study results will be required by financiers should need to borrow development finance arise. For corporate bodies, similar results are needed to satisfy the board of directors that a proposed development schemes (particularly where the development is to be held as an investment per se) should be undertaken.

Co-ordination-Project Management

We liaise with other professionals (e.g. Architects, Quantity Surveyors, Land Surveyors and Civil Engineers) and co-ordinate the activities of all other parties involved in the development scheme to ensure optimum and economic results. In addition, we vet contractors’ tenders and payment certificates, attend site meetings and draw to the attention of concerned parties any inclusion to or exclusion from the original designs which might adversely affect or enhance the marketability of the property ultimately.

Property Investment Consultancy

Landed property is just one of the many investment vehicles in which you can place your hard-earned funds. Therefore, you imperatively need to make informed rational investment decisions in the light of a bewildering range of options. We, at S P Mulenga, will advise you on the pros and cons of investing in landed property, now or in future, vis-à-vis other opportunities at your disposal.