Zoning Flashcards
1
Q
What is zoning?
A
A valuation technique (NOT METHOD) used for comparison of retail properties to create a unit of comparison for different sized buildings.
2
Q
What is the rationale behind zoning?
A
The rental value reduces further from the street.
3
Q
What size are the zones?
A
6.1m
4
Q
How are basement and first floor areas usually treated?
A
A/10 depending on comparable evidence
5
Q
How are return frontages usually treated?
A
10% uplift but depends on comparable evidence and footfall.
6
Q
What is the principle of calculating zones?
A
Halving back
7
Q
What is the unit of comparison known as?
A
The Zone A rate
