You have been asked by the partner responsible for retail to sketch a high street and show the occupiers, their trade type and any vacant units, in a location known to you. You should not copy a Goad Plan (or similar) and need not worry about the depth or rear layout of shops, however, you should attempt to accurately show the width of the units. Your sketch should be neat, and hand drawn.
You do not necessarily need to sketch a whole town centre but should seek to sketch a few streets, or areas, to cover around 40 units. You should show pedestrian crossings and other features, put a north point on, and state the location. Mark the traders present by name and also what they do – e.g. Clarks shoe retailers, also mark vacant units and note any agent instructed. Do remember that you will need to copy your sketch to be able to put it in the document that is submitted electronically as your coursework.
A rack rented freehold bank premises is available at auction. The rent is £65,000 p.a FRI (Full Repairing and Insuring). The team you are working with are unsure whether to apply a yield of 5, or 5.25% to the investment. They have asked you to set out the income flow diagrammatically. They have then asked you to value the property using both of these yields, gross. They have then asked you to deduct purchaser’s costs (assumed to be) 6.8% from the two figures and to report these as well.
This will provide an insight into the sensitivity of valuation to yield choice. You would then ideally seek more comparable information and attempt to make a robust, supported, decision about the appropriate yield.
Most investment property is not let at a rack rent, but is reversionary, the rent is expected to change from the passing rent at rent review or lease renewal. This happens when the property is not recently let at a full rent. The property was perhaps let some time ago and that figure is now historic, the market having moved on. You are working for a Local Authority and elected members have asked for an explanation as to how such property is valued on a ‘term and reversion’ basis. Create your own example of a term and reversion valuation, with income flow diagram and layout, and value this. Explain and comment on every line of your valuation – stating what is taking place and happening with the figures on each line.
You should ensure that you have a different ‘property’ from everyone else – given the infinite choice of numbers out there, the passing rent and reversionary rent, should be different from others. To help in respect of yield you would be advised to choose a figure in the 3.5%-11% range. Take care with the yield treatment of the term and reversion and get this correct. Explain and comment fully in your answer.
One of your colleagues has been to lunch with a small regional commercial developer. They discussed the availability of a site on the edge of a market town. The site has planning consent for 800 square metres gross of office space. Rents in the locality are in the region of £230 per metre squared net, office yields are 5.5% with a good covenant, build costs are in the order of £1100 per metre squared gross, finance can be assumed to be available at 7%p.a, the build period and a void period need to be assumed, other costs should also be assumed, reasoned and stated. Provide an estimation of the figure you feel the developer could afford to pay for the site. Fully reason your answer.
This question above asks for an outline residual valuation. There are some ‘unknowns’ that you have to provide reasoned figures for, do that. If you cover the main cost headings and allow for a Developer’s Profit you should be proceeding along the right lines. Do though reason your figures and fully explain them. You should (obviously) but it is worth restating, not copy or reproduce the work of any other student.
A shopkeeper has come into your office for a meeting with one of your Partner’s to discuss his Rating Assessment. Following the discussion it is clear that the shopkeeper does not understand what is meant by the expression; ‘rent In Terms of Zone A (ITZA)’. Your Partner has asked you to provide outline sketches and notes covering a few different situations, to explain what is meant by an ITZA rent and to show how one is arrived at.
The final part of answering this question would be helpfully answered by creating a ‘comparable property’ let at a rent and then analysing this rent so it is put in terms of zone A. You can then use this figure to calculate an assumed rental value for a ‘subject’ shop.
George Bush came into control in the year 2001 as the successor to Bill Clinton. In any case, he is a Republican and in a short space of time, came to affect world legislative issues and global relations in a way never imagined. Shrubbery's residency has been populated mind the battle against psychological oppression which started with the assault on the World Trade Center on September eleventh 2001. This has been to some degree a 2 staged battle against fear based oppression. At first, it started with the chase for Osama Bin Laden, the fear based oppressor in charge of the September eleventh assaults and the comparing chase to get him in the nation of Afghanistan. All the more as of late, the battle field has concentrated its endeavors on the Saddam Hussein administration in Iraq. Also, this thus, has isolated the American open as they would see it on whether the demonstration of entering Iraq was indeed, advocated. The issues for Bush rose nearer to the finish of his first discretionary period when numerous American officers were being slaughtered in Iraq. The general population of the US were developing increasingly uneasy with the Iraq crusade and Bush was very nearly losing his odds of being re-chosen in the following decision. Specialists found that Bush had shockingly thought his endeavors and consideration too intensely on the war against fear and individuals were becoming weary of it. Moreover, the basic man was hoping to enhance his/her way of life and with joblessness rising and a recolored monetary situation, Bush was appearing as though he may be in a bad position. Nonetheless, the essential system embraced by the Republican organization was to attempt and feature the financial advantages that the Bush organization had made throughout the years and attempt and push out of spotlight, the battle against fear based oppression and the Iraq War. Add to this, the restriction pioneer from the Democratic Party did not have the political clout to genuinely challenge the Republicans. Every one of these fixings met up to guarantee that George Bush was re-chosen into control for the second race term. As far back as his second chose term, George Bush and his political strategies have remained moderately radiant according to the general population and the media. What has never stopped to blend intrigue and strife in the psyches of the general population of both the US and the UK is the relationship shared by the two pioneers. Both Bush and Blair have been known to have comparative political motivation and Tony Blair has gotten a considerable measure of fire for supporting Bush on the Iraq War and other worldwide political battles. The general accord in the UK is that Tony Blair has not done equity to the UK by bowing in reverse to the requests of the US. This was by and by, expressly featured with developing number of passings of British warriors in Iraq. At the season of composing this report, the inclination shared by a great many people is whether the War on Iraq was advocated in any case and was there a need to go in to it supporting the US rather than entering Iraq as the United Nations. Tragically, the UK has been hit by an influx of psychological oppressor assaults over the most recent couple of months and this has made the general population substantially more awkward in the security affirmations by the Blair government. Going ahead, the connection between these 2 pioneers is continually going to be tried as the general population of these nations figure out how to survive issues perpetrating upon them. (http://www.whitehouse.gov/) Individuals and Democracy have been long standing fights amongst governments and masses. There are a considerable measure of issues which are of prime significance to the legislature for reviving their strategies and targets, the general population then again need to comprehend the effect of these arrangements to decide how they vote in favor of the administration and their agent. In the present situation, the re lections of George Bush and Tony Blair occurred in the midst of a considerable measure of shock, outrage, ghastliness and laxity, while a few people were expecting it, the others had only closefisted comments about how ignorant individuals are about world issues to bring back pioneers like Bush and Blair back in the lime light. The feature and basic issue which has tormented both these pioneers has been fear mongering and the Iraq war. Everything began with the lamentable 9/11 assaults on the twin towers. In his mission to demonstrate to the American open his sense of duty regarding the general population, Bush stretched out his forces to administrations in Iraq and different spots which were assumed rearing reason for any semblance of Osama Bin Laden and psychological warfare. Tony Blair in his mission to help the American government took part in the war at an equivalent balance. The general population and majority rule government in USA and UK has bridled an idea of battle against fear yet people in general has been against the administration's drives.>GET ANSWER