Combined approach: residual method
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A valuation of an area of land with consent to construct 5,000m2 of office space in a building with a gross build area of 6,500m2 might appear as follows, given these assumptions: MR: £150 per square metre building costs: £700 per square metre development period: 2 years letting cost: 10% of first year's rent sale fee: 2%...Explore the subscription options here to get full access to isurv, including downloads.
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