Dev App Luton Flashcards
1
Q
Why were you targeting 25% profit on cost
A
Client objectives based on a value-add approach to that asset
Based on a value add approach to that asset
2
Q
What did you assume for Land Value in this example
A
Had it in at Clients book value
3
Q
Run me through this instruction
A
Development Appraisal - Viability
- Consultancy instruction
- Advising on potential land receipts under PD rights
- Instructed to determine profitability on the special assumption of a change of use from Office (B1) to Residential (C3)
- Undertook a development appraisal
4
Q
How did you decide on an indicative scheme
A
Had architectural input
5
Q
What were your assumptions for planning here?
A
Appraised on the assumption of a successful prior approval application under Permitted Development to C3
6
Q
How would you factor in planning risk if you didn’t use a special assumption?
A
Would’ve included a longer pre-construction period in order to obtain Prior Approval
