Level Two - Example Two (Peterborough)

Question 1

As the property was mixed-use, did this alter how you inspected the property?

Answer 1

Office - Spec and location
Retail - Pitch

Question 2

Why is it important to check this? (tenancy schedule)

Answer 2

To check it is correct on inspection.

Question 3

What would you do if the tenant didn’t give you access?

Answer 3

Ask for the landlord – borrower to make contact
Mention in the report that there were restrictions of access on inspection- mention in terms of engagement too

Question 4

Name a few valuation sensitive characteristics?

Answer 4

Deleterious materials, development potential, condition of the property.

Question 5

How would you verify the comparable evidence and ensure it was accurate and reliable (more of a vals Q)

Answer 5

I would speak with the agents to confirm details.

Question 6

Tell me about the rental market in Peterborough.

Answer 6

Office market –
Retail market –