Level 3 - Industrial Unit, Reading Flashcards
COI checks. ToE agreed. MR, MV and VP. Cap ex assumptions. SWOT analysis. Poor EPC. Asbestos roof.
How many tenants? “multi-let”
What instruction process is required for loan secutiry purposes in accordance with the red book?
Who did you do a conflic check against?
What was stated in your terms of engagement?
What is market rent?
What is market value?
What is market value with the assumption of vacant possession?
Is this an assumption or a special assumption?
Define both
Should you continue with the instruction if the client requests an unrealistic assumption? Why?
No - could result in an unrealistic valuation. Should avoid.
What made it a well known industrial area?
How close to the M4? Why is this benefical to the property?
What were your comparables?
Why did you consult with internal and external agents?
What ws the passing rent?
What was the market rent?
What were the lease terms?
What were the void periods?
What were the other incentives?
Why did you apply the investment method?
How does the new enterprise software value property?
What was the valuation date?
Why is capital expenditure?
What were your assumption on capital expenditure?
What is market sentiment?
What were your assumptions on market sentiment?
What is a SWOT?
Give an example of a strength
Give an example of a weakness
Give an example of a opportunity
Give an example of a threat
Poor EPC / Asbestos roof
What impact did poor EPCs have on the value?
What impact did asbestos roof have on the value?
How did you value vacant possession?
Why did you advise the client provide strong loan security?
How did the property compare to other comparables?
List some areas around Reading where you looked for comparables
Explain your approach to how you valued this property
