Case study key figures Flashcards
When did the case study happen?
Aug – Dec 2023
When was 94 constructed?
1860s
What was the ground rent of 94?
£30
What was the original lease term of 94?
999 years from 25 March 1946
When was 94 Mostyn street first introduced?
21 August 2023
When did 94 exchange and complete?
12th December 2023
What is the usable retail floor area of 94 Mostyn street?
78.4m2
What yield did you select for 94?
12.5%
What were renovation costs at 94?
£100,000
What were asbestos removal costs at 94?
£25-30,000
What was the potential rental return at 94?
£42,000 per annum
How much rent free did you factor in at 94?
3 months at £10,500 per annum
How much value did you allow for a special purchase at 94?
£20,000 per annum
What was your final valuation for 94?
£210,000
What did the vendor value 94 at?
£300,000
What did the vendor value repair costs at 94?
£50,000
What was your opening offer for 94?
£200,000
Was £220,000 the final amount paid to the vendor for 94?
No, there was a further £10,000 paid for fixtures and fittings.
What was the total area of 94?
340.85 m2
What was the zone A of 94ms?
440.70 Zone A
What ITZA rate did you apply to the upper floor of 94?
29.38 or a/15
What were the puchase cost?
£15,400 inc vat
