Presentation

Question 1

How would you identify when the property was built?

Answer 1

• Architecture (gabled roof, ornate features, turret)
• Listed register (not applicable)
• Land reg: potentially
• Planning portal

Question 2

What would you do if valuing the property in 2023?

Answer 2

• Focus more on the pre covid figures
• Utilise forecasts
• Building up time for trade to return to normal

Question 3

What type of roof does the Property have?

Answer 3

Slate tiled, pitched roof with a gable end

Question 4

What EPC rating does the hotel have? Does it fit MEES?

Answer 4

C(74) - Yes

Question 5

How did you prepare for your inspection of the Hotel?

Answer 5

• Risk assessment
• Requested P&Ls from past 3 years
• KPIs (occupancy & ADR)
• PPE?

Question 6

What were the principal Valuation considerations?

Answer 6

Factors that would affect value - level of income and costs

Question 7

What is Edozo and can you tell me how you confirmed the area of the site using this tool?

Answer 7

Digital mapping tool which can measure land area and produce maps
Measured the title boundaries, checking against the title plan

Question 8

What kind of statutory information were you seeking prior to the instruction?

Answer 8

EPC, PP, flood risk, business rates

Question 9

When walking around the exterior of the building, what kind of conditions were checking for?

Answer 9

• Any defects? Movement, damp, tile slippage
• Any invasive species

Question 10

What hazards were you looking out for when inspecting the Property?

Answer 10

• ## Asbestos: checked the asbestos register