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What is a feasibility study?
A feasibility study is a preliminary investigation conducted at the early stages of a construction project to determine whether it is viable. These appraisals can be beneficial for complex and large building developments, identifying potential costs and expected returns.
Feasibility studies assess financial, operational, technical and legal aspects. By determining these factors, you gain a clearer understanding of whether your venture is worth pursuing.
Commercial property solutions
Our team of building consultants provide a range of commercial property solutions, from specialist building surveys to architecture and education funding application support. Speak to one of our experts to find out how we can help you deliver your objectives.
How do I arrange a feasibility study?
Arranging a feasibility study is easy when you choose Eddisons. Start by calling 0800 051 2593 to talk about your project with our team. We will then offer a free consultation to discuss how much it will cost and provide an estimated timeline to complete the work. Should you accept our offer, we will get started at our earliest convenience.
What does a feasibility study include?
Feasibility studies include several key factors to examine your project's viability, such as:
- An overview – An outline of your proposal, including the scope of work, objectives and expected outcomes
- Financial aspects – A detailed assessment of costs and expected revenue
- Technical elements – Evaluating the technical requirements and potential challenges
- Legal compliance – Ensuring all regulations and legal obligations are met
- Market analysis – Determining the commercial viability of the development
- Environmental impact – Identifying risks and weighing up environmental considerations
“Feasibility studies provide a foundation for project success by identifying risks, analysing potential obstacles and ensuring all critical factors are addressed. This thorough approach empowers you to move forward with clarity and confidence.”
How are feasibility studies for commercial property carried out?
A typical approach to working out if your proposal is viable looks something like this:
- Initial consultation: We work closely with you to understand what you are hoping to achieve
- Site analysis: An evaluation of the location and its potential
- Data collection: Gathering relevant financial, technical and market information
- Assessment: Reviewing all factors, such as compliance and how it might impact the environment
- Recommendations: We will provide a comprehensive report with actionable insights
Why should I choose development feasibility experts from Eddisons?
With technical expertise, our RICS-accredited Surveyors can accurately evaluate a site’s potential. These appraisals are tailored to your requirements and can range from basic assessments to full site reviews.
We have more than 180 years of experience and expansive market knowledge of building regulations and the obligations for planning permission, covering everything from industrial units to listed properties.
Our 450 professionals are also extremely highly rated, with 100% of reviewers on Reviews.IO recommending us. Take a look at some comments to see why you can trust us too.
Arrange a feasibility study for your commercial space
Contact our Building Consultants using the form below or call 0800 051 2593 to discuss your project and learn more about how we can assist with delivering your strategic objectives. You can also use our office locator if you would prefer to speak to your local specialists.
