Case Study (Valuation) Flashcards
What is the floor loading of the property?
50 Kn / m2
What other eaves height can you measure?
Clear, apex
What was the height of the doors? What is ‘standard’?
6m. Anything above 4m is most desirable.
What use class is industrial?
Use class 5: General Industrial
You said it had 3 phase power, how did you confirm this on inspection?
Look at the electricity supply, it should have 3 100amp fuses.
How do you calculate WAULT?
Use a spreadsheet
SA of VP - Why did you use an equivalent yield and not a NIY?
Because I was applying a 9 month rent free period, so at that point there was no income to value at this point.
What is professional scepticism?
Using my own marker knowledge to consider if the information I had been provided was correct.
Did you look at the credit rating for your comps?
Yes, on Experian
Prime Rent for industrial? Prime yield for industrial?
£12 - £13 psf on smaller unit (achieved at Oakbank & Kinning Park)
If it had been built in 1990, where could you have found asbestos?
In the roof, in the ceiling tiles in the office space
How is flood risk worked out?
Likeliehood of flooding over a period of time (number of years). Coastal, river, surface water.
What more do you need for a loan security valuation?
commentary on the suitability for loan.
might be PI differences.
might ask for a valuation on the SA of a reduced marketing period.
Can you please chat me through the key investment criteria that would influence an investment valuation?
building,
covenant strength of tenant,
security of income,
lease terms,
rent review pattern,
location,
In investment valuations you have to take account of void periods and associated costs, can you give me some examples?
rates, service charge / estate charge.
