Income approach
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A shopping centre has been built on land held from the state for 100 years. The lease is non-renewable and the net income to the leaseholder is $5,000,000. There is evidence that renewable leases sell on a 6% basis. The valuer feels that, given this comparable, 6.5% would be appropriate. Net...Explore the subscription options here to get full access to isurv, including downloads.
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