Case Study

Question 1

Why did you not value the buildings separately?

Answer 1

Due to the asbestos presence and poor condition of the buildings, I took a view that they were a liability.

Question 2

Why did you choose informal tender over the other methods of sale?

Answer 2

Auctions and formal tenders tend to deter people due to the need to have cash readily available and them being legally binding.

Private treaty was discounted due to there being no set timeframe to receive offers by and there being a bigger reliance on the guide price .