Zoning

Question 1

Is zoning a method of measurement?

Answer 1

No, it’s a form of valuing by creating a consistent unit of comparison to be calculated.

Question 2

What is zoning NOT used for?

Answer 2

Larger retail units such as department stores or supermarkets, convenience stores or retail warehouses.

Because the large size would skew the zoned analysis

Question 3

What is the principle of zoning?

Answer 3

The retail frontage is worth more than the ancillary areas. This is applied through the principle of halving back, meaning that each subsequent zone is worth half of the zone before.

Question 4

Explain the value of each zone

Answer 4

Zone A: a/1 - 100%
Zone B: a/2 - 50%
Zone C: a/4 - 25%
Zone D (remainder): a/8 12.5%
**ancillary areas are up to the surveyor calculate based on comps

Question 5

What is the depth of a standard zone? & in extremely prime locations (i.e- Oxford st)

Answer 5

6.1m

Oxford St 9.14m

Question 6

Define return frontage

Answer 6

Plots situated at junction of two roads having the frontage on these two roads are said to have return frontages. Such plots usually have more monetary value than other plots in the same

Question 7

How would you calculate a return frontage?

Answer 7

Percentage allocated in line with the local market and the degree of coverage of the return frontage

Question 8

Define masking

Answer 8

WHERE PART OF THE GROUND FLOOR OF A SHOP UNIT IS NOT VISIBLE FROM THE SHOP FRONTAGE