Case Study Questions Flashcards
What was the age and construction of property?
Built 2000
Modern, steel frame construction
What source of errors are associated with using a laser measuring device?
- Human error – not using the device appropriately i.e. not measuring a horizontal distance
- Systematic error – devices should be regularly checked for accuracy of calibration by checking a known distance and recording the results in a log
What did you include / exclude from your GIA measurement?
I included everything to the internal face of the perimeter walls.
What is the use class of the Property
Class E (A3 before Use Classes Order 2020)
What is the rates payable?
£40,404
What is the EPC?
D
Expires: 2031
How did you rank the comparable evidence?
I had regard to recency, location, size of unit and style of disposal.
Where did you get the comparable evidence from?
My client’s internal database
Did you inspect the roof of the property?
A visible inspection from the outside which didn’t identify any material defects
What was the fee for the job and how did you decide on the fee level?
10% of the rent, as per terms
What was the deal agreed?
£100,000
What information did you request from the Tenant?
Three years of accounts
What was your PI Cover?
£1m
Which comparable did you place most reliance on and why?
Unit 11 (Slim Chickens) and the Unit 4A (Wing
Kingz) were the most comparable given the size, unit specification, transaction date and location.
Why did you use the comparable method to value?
Relevant comparables.
How big was the building?
3,164 sq ft
