JH- Valuation

Question 1

What yield did you apply for Kidderminster?

Answer 1

9.75%

Question 2

What was the Market Rent for Kidderminster?

Answer 2

£11 psf or £40 ITZA

Question 3

What was the capital value for Kidderminster?

Answer 3

£92 psf

Question 4

What yield did you apply for Solihul?

Answer 4

Split Yeild Approach but equated to an equivalent of 6.82%

Question 5

What was the capital value for Solihul?

Answer 5

£353 psf

Question 6

Solihull assumptions

Answer 6

Assumed in discussion talks for rent reviews or lease reviews were settled
Lease less than 5 years- assumed rent-free of 3-12 months and voids of 0-6

Question 7

What was the WAULT for Solihul?

Answer 7

7 Years

Question 8

What was the equivalent yield for Rugby>

Answer 8

6.25%

Question 9

What was the Cap Val for Rugby>

Answer 9

£104 psf

Question 10

Why did you decide on a 15% discount for Resi, Wolverhampton Val?

Answer 10

Comparables and Discussions with Agents

Question 11

What is the Dun and Bradstreet Rating

Question 12

What would a typically marketing period be for the West Midlands flat?

Question 13

What is the difference between a residual and development appraisal?

Question 14

What are the four bases of value?

Answer 14

Market Value, Market Rent, Fair Value, Worth

Question 15

What would you do differently with an account valuation vs a security valuation?

Answer 15

Change the bases of value- Fair Worth

Question 16

What did you mean about the Kidderminster property description?

Answer 16

Market town rents have declined, especially since covid. However, our building was located in the prime area therefore was at the higher range of the rents.

Question 17

Factors may impact value- Kidderminster

Answer 17

This was the property which had wool slabs, noted due the defects, we highlighted this to the client and made an assumption that was reasonable to assume it was fine. Client instrcuted survey and it was fine.

Question 18

Why did you undertake check measurements, and what was the reasonable tolerance?

Answer 18

To ensure accuracy of information relied upon, in this case we accepted a tolerance of 25mm

Question 19

Were there any planning applications of note for Kidderminster

Answer 19

Change of use for upper floors to resi

Question 20

How did you value the upper floors for Kidderminster

Answer 20

No rental value due to current condition
Valued for resi conversion at £425,000

Question 21

Talk me through the steps of valuing Kidderminster?

Question 22

Talk me through the steps of valuing Industrial Rugby?

Question 23

Talk me through the steps of valuing Flats, West Mids?

Question 24

alk me through the steps of valuing Retail, Solihul?