L3 Advice

Question 1

Val L3 - Purchase Report - Stafford

Answer 1

Advised on the MV and TOKV

Advised client to undergo Enviro Survey regarding FZ2 risk - to ensure no risk remained to the Property and its value

advised that SS market in Stafford was
undersupplied and had good demographics - therefore applied strong forecast occ rate, stabilisation period and PRR

Question 2

Val L3 - SS - Loan Sec - Chippenham

Answer 2

advised on MV and VPV

advised client that sub optimal demographics but no nearby competition re quality and size so applied strong forecast occ rate

advised on CR adjustment for 2nd location and refurbished

suitable for loan sec

Question 3

Loan Sec L3 - SS - Liverpool

Answer 3

advised on MV and VPV

advised that 2 better stores nearby re size/qual, however, as area undersupplied it would not impact forecast occ but would impact stabilisation period (time to get there)

advised on VPV by assuming 0% occ rate but this risk falls away as store fills up

adjusted cap rate for VPV for absorption risk

advised suitable for loan sec

Question 4

Loan Sec L3 - SS - Leighton Buzzard

Answer 4

Advised on MV / PSTV

As EPC E i advised it was compliant but likely wont be with future changes to MEES

provided SWOT advising
- epc was a threat/weakness
- small population
- but limited competiton
- excellent roadside visibility as corner position

advised suitable for loan security

Question 5

Ethics - L3 - Disposal Soho

Answer 5

Advised client on the conflict management steps that would be put in place to ensure confidentiality depsite the party conflict

Question 6

Ethics - L3 - Val Cambridge (Internal)

Answer 6

advised the client that despite their wishes, the comparbale evidence and internal data highlighted that the initially reported MV was correct and there was no basis to increase it.

Question 7

Inspection - L3 - Disposal Fitzrovia

Answer 7

i advised my client to install end of trip facilities (LG floor) as it was an increasingly demanded amenity by tenants and would help to improve the headline rent and reduce rent frees.

Question 8

Inspection - L3 - Val Enfield (Internal)

Answer 8

i advised the client re the section of damp

i advised they instruct a building surveyor to ascertain the cause of the damage and how to rectify. and also to ensure caused no further damage to the fabric of the property.

Question 9

Leasing and Letting - L3 - Disposal TCR

Answer 9

I advised my client to install manifestation and an additional layer of glazing to ensure privacy for potential occupiers

I created meeting agendas re market updates, interest etc

then led negs on single floor basis to HOTs and is now under offer, advising client throughout on the terms (requested 3 years audited accounts and advised client to undergo covenent strength test)

Question 10

Leasing and Letting - L3 - Disposal Jermyn St

Answer 10

advised client the property was being discounted for serviced space

i made a leasing report and I advised to fit the floor out as the floor was small would be fast - 8 weeks. I advised the client on the benefits e.g higher HLR, reduced void and reduced rent free

ultimately secured a tenant to take the floor which signed. (THINK WILLIS LEASE)

Question 11

Budget impacts

Answer 11

companies to pay NI at 15% on salaries above £5k - up from 13.8%. from april

PE tax on profits to rise by 4% (28-32%). from april

corporation tax over profits of £250k frozen

Living wage up for over-21s from £11.44 to £12.21 per hour

realtedly Bank of England reduce base rate to 4.75%