Understand commercial property before you risk your money
Get the confidence to analyse a commercial property deal, know its value and know where to offer, so it hits your return and yield goals. A chartered surveyor-led course that teaches you the theory the way surveyors learn it.
Save £150 todayDoors open Monday 26 October. Join the waiting list for early access and 20% off for the first 48 hours.
£525 + VAT £375 + VAT plus a free Claude Skill bonus, until midnight, 31 October
You already know property. Commercial plays by different rules.
You've built a residential portfolio, or you're about to start. You understand rental income, mortgages and refurbs. Then you open a set of commercial particulars and find yourself staring at lease terms, rent reviews, break clauses and a yield figure that seems too good to be true.
The asking price isn't the value.
In residential, you check what the house next door sold for. In commercial, value is driven by the lease, the tenant and the income. Leases run for years and give tenants protected rights under the 1954 Act. A lease event you didn't spot can move the value up or down by thousands.
And a high yield isn't the same as a good return.
Most new commercial investors try to piece it together from forums, agents' particulars and YouTube. They overpay, misread a lease, or walk away from a good deal because they couldn't tell the difference. Guessing in commercial property is expensive.
The fix isn't more deals. It's understanding the theory first.
Get to grips with itMost new commercial investors get stuck in a loop like this:
The way out isn't finding more deals. It's knowing how to read one.
I hated valuations.
When I was training to be a surveyor, I couldn't get my head around them. I scraped through the valuation modules in my master's because I just didn't understand the terminology or the logic behind it.
To get me through my APC, my counsellor had me memorise how to do a valuation, line by line. Even then, the maths didn't sink in.
It all sounded so complicated. Turns out, it isn't. It's surveyor and financial jargon, and someone like me doesn't care for it.
It explains simply how commercial values work, makes clear what they actually mean, and then puts it all into practice.
Natasha walks you through what's inside
The welcome lesson from the course itself: how it's built, who teaches each part, and how to get the most from it.
Three things make every commercial deal make sense.
Each lesson builds on the one before, in the same order surveyors learn it. Get these right and you can look at any commercial property and understand what you're really buying.
Know what drives value
How commercial leases work, what the 1954 Act means for you as a landlord, and the lease events that push value up or down.
Know what you'll actually make
The difference between yield and return, rental value and capital value, and price and worth, plus how to think about ROCE.
Know what it's worth to you
How surveyors value commercial property, from comparable evidence to rack rent and term and reversion, then put it all into a deal analysis.
See what one yield point is worth
In commercial property, value is driven by income and yield. Put in a rent and two yields and see how much a small misjudgement changes what a property is worth.
That's about 111 times the Halloween course price.
Simplified illustration: value = annual rent ÷ yield. It ignores purchaser's costs, lease terms and other factors the course covers in detail. Not a valuation.
The foundations pay off.
That's exactly the sort of difference the course has helped me identify. I also feel much more confident questioning agents and challenging asking prices.
After only 37 days of goal-setting, I went under offer on a fully-let, income-producing commercial asset at 9.65% yield and strong cashflow from day one!
It's paving way for building generational wealth and security for my family.
Results from Getting to Grips students and NC Real Estate Members Club members. Getting to Grips with Commercial Property is the foundation course inside the Members Club. Results depend on your own deals and are not guaranteed.
Six modules. Here's what we cover.
Video lessons plus the 2026 Deal Analysis spreadsheet. Around 10 hours, designed to be worked through over a few days, on your computer or the Kajabi mobile app.
Introduction
How the course works and how to get the most from it.
Resi vs Commercial
The terminology, the leases and the rules are different from residential. This is where we start, because the lease drives how you value a property later on.
- Investment characteristics: residential v commercial
- Rental value v capital value
- Leases and the 1954 Act
- Lease events which impact value
- Price v worth & ROCE
- Statutory compliance
Yield vs Return
Why a headline yield can hide a poor return, and how to measure what you'll actually make.
Commercial Valuations
The crux of commercial property investment: how a property is valued, step by step. John Mansfield MRICS, who ran valuation lecture programmes at two UK universities for nearly 20 years, takes you through the valuation lessons, and Caroline Saxon MRICS shows you how to handle comparable evidence.
- Valuation preparation
- Finding comparable evidence
- Calculation principles
- Rack rent valuations
- Term and reversion valuation
Deal Analysis: the 2026 Spreadsheet
Natasha walks you through the deal analysis template surveyors use to value and analyse commercial property, updated for 2026, so you can see the valuations in practice and know where to offer.
Unlocks 3 days after you start, so you have time to digest the theory first- Deal Analysis Template
- Deal Summary tab
- Comparable Evidence tab
- Estimated Market Rent tab
- Investment Value tab
- Deal Analysis tab
- Title Split tabs
Next Steps
How to take what you've learned into your first (or next) commercial deal.
"I wanted to start a commercial property company but knew I needed more education, particularly around valuation and leases. The weekly meetings and membership group would become increasingly useful as I learned more, started my company and progressed toward my goals.
I have learned lots of valuable things from real-world situations brought by other members to exclusive weekly meetings and discussions on Slack and Zoom. Becoming a member, with the knowledge of the Members Club behind me, I've grown from being a rookie to a competent commercial property investor."
Sam WilliamsNC Real Estate member for 16 monthsThe 2026 Deal Analysis spreadsheet
The template surveyors use to value and analyse commercial property, updated for 2026 and never sold on its own. Module 5 walks you through it tab by tab, so you can use it on every property you look at.
The NCRE Deal Analysis Claude Skill
Learn the theory in the course, then let AI do the legwork. Our Claude Skill takes a property's details and fills out the Deal Analysis spreadsheet for you, using the same method you'll learn in Module 5.
It doesn't guess. It asks for your real borrowing rate, void and rent-free periods, and flags every assumption so you can see what's solid and what needs checking. Because you've done the course, you'll know exactly how to check its work.
Only available when you buy before midnight (UK time) on 31 October. After Halloween, the course goes back to £525 + VAT without the Claude Skill.
You'll need your own Claude account on a plan that supports Skills.
Drop in the brochure for the property you're looking at.
Your target yield, borrowing rate, voids and costs. No silent assumptions.
Your Deal Analysis workbook, completed and ready to review.
Learn it the hard way, or learn it properly
Doors open Monday 26 October
Join the waiting list and you'll get the link at 9am on 26 October, three hours before everyone else, plus a 20% off code for the first 48 hours. That's £300 + VAT instead of £375 + VAT, with the free Claude Skill bonus.
Get to Grips with Commercial Property
Doors open in:
Getting to Grips with Commercial Property
Six modules, around 10 hours of teaching from three MRICS chartered surveyors
NCRE Deal Analysis Claude Skill
Upload a property's particulars and Claude fills in the Deal Analysis spreadsheet for you
The 2026 Deal Analysis spreadsheet
The template surveyors use to value and analyse commercial property. Never sold on its own
Help from the NC Real Estate team
Ask questions via the help button inside the course. Our surveyor time is normally from £125 + VAT an hour
Credit towards our other services
Within 6 months, the fee you paid for this course (excluding VAT) can be put towards any other NC Real Estate service, including the Members Club and the Accepted Offer Accelerator
The Still Stuck? Guarantee
A free 30-minute call with a chartered surveyor if you finish the course within 90 days and still can't value a deal
The least we charge to analyse deals for a client, on our Accepted Offer Accelerator sprint.
What Natasha recently paid for a valuation on one building. You're not buying a valuation here: you're learning how to appraise deals yourself.
That's how much of our surveyors' time £375 normally buys. The course gives you around 10 hours of teaching.
Learn to appraise deals yourself, on every property you look at, for less than the cost of a single report.
Getting to Grips with Commercial Property
- Six modules of video lessons (around 10 hours)
- The 2026 Deal Analysis spreadsheet, explained tab by tab
- Leases and the 1954 Act, yield vs return, and commercial valuations made clear
- Rack rent and term and reversion valuations, step by step
- Taught by chartered surveyors: Natasha Collins MRICS, John Mansfield MRICS and Caroline Saxon MRICS
- Bite-size lessons, online or on the Kajabi mobile app, at your own pace
- Stuck? Ask the NC Real Estate team via the help button inside the course
- The Still Stuck? Guarantee: finish the course within 90 days and still can't value a deal, and we'll walk you through it on a free 30-minute call with a chartered surveyor
- Your course fee (excluding VAT) counts as credit towards any other NC Real Estate service for 6 months
- HALLOWEEN BONUS: the NCRE Deal Analysis Claude Skill, which fills in the spreadsheet for you
Halloween price and Claude Skill bonus end midnight (UK time) on 31 October 2026. The course then returns to £525 + VAT, without the bonus.
Still stuck? We'll walk you through it.
Finish all six modules within 90 days of purchase and still can't value a deal? Email hello@ncrealestate.co.uk within those 90 days and you'll get a free 30-minute call with one of our chartered surveyors, who will walk you through it.
And if you want more support within 6 months, the fee you paid for the course (excluding VAT) can be put towards any of our other services.
"I didn't get valuations either, so I won't leave you stuck." — Natasha
Your first three days
Get your login
Your Kajabi login details arrive by email so you can start on your computer or the Kajabi mobile app.
Learn the theory
Work through the lease, yield and valuation lessons in order. Take notes and rewatch the valuation videos.
Deal Analysis unlocks
Natasha walks you through the 2026 Deal Analysis template and shows the valuations in practice.
Analyse real deals
Look at commercial properties and work out their value, where to offer and whether they hit your goals.
Taught from the surveyor's side of the table.
I'm Natasha Collins MRICS, a chartered surveyor and the founder of NC Real Estate, a firm of surveyors helping landlords and property investors build commercial and mixed-use portfolios that align with their goals. I've been in the property industry since 2008. My team and I work with investors across the UK to acquire and manage commercial property, and we see the same costly mistakes again and again.
That's why members of our Members Club who are new to commercial property start with this course. Before you analyse a live deal, you need to understand the theory behind it. Now you can take that same foundation on its own.
I built this course the way I learned to be a surveyor: theory first, then practice. You'll also learn from two of my chartered surveyors:
John Mansfield MRICS has extensive valuation and development appraisal experience, and ran lecture programmes at two UK universities for nearly 20 years. He also manages his own residential portfolio.
Caroline Saxon MRICS is a chartered surveyor and RICS Registered Valuer with 10 years' experience, mainly in commercial real estate. A self-confessed lease nerd, she specialises in rent reviews, lease renewals, regears and improving asset value through lease negotiation, particularly on industrial and mixed-use property. As a freelance surveyor working across a range of clients, she brings a broad view of the market, and she's a former Great Britain open water swimmer too.
No noise, no overwhelm, no hype.
A confident commercial investor can do all of this.
By the end of the course, so can you:
This is for you if…
- You're a residential investor or landlord ready to move into commercial or mixed-use property
- You're about to analyse your first commercial deal and want to understand what you're looking at
- You've heard "1954 Act", "covenant strength" or "term and reversion" and want them explained properly
- You have a SSAS or SIPP and want to understand the commercial property it can invest in
- You'd rather learn the foundations once than guess on every deal
- You want a get-rich-quick deal-sourcing system
- You want someone to find and analyse deals for you (that's our Members Club and 1-to-1 services)
- You already value commercial deals with confidence
From our members and clients
"I can now look at a commercial property investment and make a much more informed assessment of its value, rental income, potential return and risks… The cost of a course could easily be recovered by avoiding just one poor investment decision or negotiating a better purchase price."
"I am really enjoying the 'Getting to Grips' commercial course. I say 'enjoying' because I am starting the process of going through it all again for a second time… I just want to make sure I know what I am doing before taking the plunge! You and your team have really helped me understand the commercial world much better."
"I learned more in three months than I had in three years trying to figure commercial property out myself."
"I joined the Members Club wanting to explore commercial property finally. After only 37 days of goal-setting, I went under offer on a fully-let, income-producing commercial asset at 9.65% yield and strong cashflow from day one!"
"I engaged with NC Real Estate and I'm now sitting here with a commercial portfolio worth nearly 2 million GBP, having spent 1.4M and bringing in 120K yearly."
"I was facing risk after my main tenant wanted to leave, but NC Real Estate's community helped me navigate negotiations, secure better tenants, and ensured stability after completing. I now feel more confident handling lease obligations!"
"I can now look at a commercial property investment and make a much more informed assessment of its value, rental income, potential return and risks… The cost of a course could easily be recovered by avoiding just one poor investment decision or negotiating a better purchase price."
"I am really enjoying the 'Getting to Grips' commercial course. I say 'enjoying' because I am starting the process of going through it all again for a second time… I just want to make sure I know what I am doing before taking the plunge! You and your team have really helped me understand the commercial world much better."
"I learned more in three months than I had in three years trying to figure commercial property out myself."
"I joined the Members Club wanting to explore commercial property finally. After only 37 days of goal-setting, I went under offer on a fully-let, income-producing commercial asset at 9.65% yield and strong cashflow from day one!"
"I engaged with NC Real Estate and I'm now sitting here with a commercial portfolio worth nearly 2 million GBP, having spent 1.4M and bringing in 120K yearly."
"I was facing risk after my main tenant wanted to leave, but NC Real Estate's community helped me navigate negotiations, secure better tenants, and ensured stability after completing. I now feel more confident handling lease obligations!"
Frequently asked questions.
When can I buy the course?
Doors open at 12 noon on Monday 26 October. Waiting list members get the link at 9am that day, plus a 20% off code that lasts until 12 noon on Wednesday 28 October. The Halloween price and the Claude Skill bonus then run until midnight (UK time) on 31 October.
How long does the course take?
Around 10 hours in total. It's designed to be completed over several days, but you can go at whatever pace suits you.
I only invest in residential property. Will I keep up?
Yes. The course starts by comparing residential and commercial investment, so it builds directly on what you already know.
Can I watch it all in one go?
The lessons are designed to be watched in order, because each one builds on the last. The Deal Analysis module unlocks three days after you start, so you have time to digest the theory, take notes and rewatch the valuation lessons before putting it into practice.
What if I get stuck?
There's a help button in the course menu. Send us your question and a member of the NC Real Estate team will come back to you as soon as we can.
Do I need to be good with spreadsheets?
No. Module 5 walks you through the 2026 Deal Analysis spreadsheet one tab at a time.
How do I access the course?
The course is hosted on Kajabi. Once you've enrolled you'll receive your login details by email, and you can watch on your computer or on the Kajabi mobile app.
How does the Claude Skill bonus work?
Claude is an AI assistant made by Anthropic. You add our Skill to your own Claude account, upload a property's particulars and answer a few questions, and Claude fills in the Deal Analysis spreadsheet for you. It's only included with purchases made before midnight on 31 October. You'll need a Claude plan that supports Skills. It speeds up the analysis, but it doesn't replace your judgement or professional advice, which is why we teach you the theory first.
Does this include the Members Club?
No. This is a standalone course covering the theory. The NC Real Estate Members Club is where you apply it to live deals, with weekly Deal Analysis Masterclasses and Q&A calls with chartered surveyors, community support and the Go Under Offer in 100 Days roadmap. If you decide to join within 6 months of buying the course, the fee you paid for it (excluding VAT) can be put towards your membership, or towards any other NC Real Estate service. That's £375, or £405 if you paid in instalments.
When does the Halloween price end?
At midnight (UK time) on 31 October 2026. After that the course returns to £525 + VAT and the Claude Skill bonus is no longer included.
Can I spread the cost?
Yes. You can pay in three monthly instalments of £135 + VAT (£405 + VAT in total), or save £30 by paying £375 + VAT in one go. Both options include the Halloween Claude Skill bonus if you join before midnight on 31 October.
Can I get a refund?
No. You get instant access to the full course and its downloads, so we can't offer refunds. Instead, we offer the Still Stuck? Guarantee: if you finish all six modules within 90 days of purchase and still can't value a deal, email hello@ncrealestate.co.uk within those 90 days and you'll get a free 30-minute call with one of our chartered surveyors, who will walk you through it.
Is this financial advice?
No. The course is educational and does not constitute financial, legal or tax advice. Always take professional advice on your own circumstances.
Want chartered surveyors to review your real deals?
Getting to Grips gives you the theory. The NC Real Estate Members Club is where members put it into practice, with the Go Under Offer in 100 Days roadmap and surveyors reviewing deals before they risk their money.
Explore the Members Club
- Weekly Deal Analysis Masterclasses and Q&A calls with chartered surveyors
- The Go Under Offer in 100 Days Trello roadmap
- Community support, lease reviews and asset management advice
- Full library of previous calls
Stop guessing. Start understanding.
Get to Grips with Commercial Property for £375 + VAT (usually £525 + VAT), plus the NCRE Deal Analysis Claude Skill free. Both end at midnight on 31 October.
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