Level 3- Landlord Representation

Question 1

Please explain the unit

Answer 1

Upper mall, secondary pitch, 1,200 sq ft, narrow and long

Question 2

What is the average Zone A of the pitch

Answer 2

£62

Question 3

Define shell condition

Answer 3

Often known as a stripped back unit, unfinished flooring, bare walls, 3 phase electricity supply often provided. Sprinklers fitted as per the code

Question 4

Define white box condition

Answer 4

A partially finished unit, plastered and painted, lighting, AC, electrical fixtures, sprinklers.

Definition of white box varies between sectors, L&Ts therefore handover is specified in detail within lease

Question 5

What basis of measurement did you use?

Answer 5

NIA- Net Internal Area

Exclude W/C, stairs, columns, area less than 1.5m in height, service cupboards

Question 6

When measuring a shop with partitioning, how would you properly measure the width?

Answer 6

Remove a ceiling tile, gaps in partitioning, scale from floor plans, if basement available measure width

Question 7

What is the current vacancy rate within The Glades?

Answer 7

9%

Question 8

What are business rates?

Answer 8

Rates set by the VOA that the tenant is responsible for, rateable value is calculated against a multiplier to give rates payable