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Commercial Practice Real Estate - PDF

   

Added on  2021-02-18

15 Pages3435 Words74 Views
CommercialPracticeReal Estate

Table of Contents

INTRODUCTIONCommercial practices implies to set of activities or functions linked to strategicpromotion, supply and sale of product. In real estate commercial practices involves specificpolicies, acts, course of conduct concerned with regulating and monitoring of buy and sell of realestate properties (Pirounakis, 2013). In this context valuation and assessment of leaseholdproperty is difficult task as it requires use of financial ratio and other mechanical approaches.This report contains analysis of aspects of commercial practices related to real estate such asvaluations and appraisal of property, property's ERV or Estimated Rental Value etc. This reportalso include risk valuation of investment through ARY (All Risk Yield) and market riskvaluation before purchasing property using MRY (Market Risk Yield).MAIN BODYDescription of the property:Address: Units 16-17 Erdington Industrial Park, Chester Road, BirminghamB24 0RDRental Price: £150,550 per annum exclusiveTenure: Leasehold (To Let)Property Type: Warehouse/IndustrialDetails: Approx. 1 mile from M6 (J5)Accommodation: Near about 1758 sq m. Location: The above displayed property is situated at area near Erdington IndustrialPark, Chester Road within Birmingham. Such property is available on lease forcommercial and industrial use such as office, warehouses etc. This property is directly

linked with central and major point of city with excellent road network. It is hardlyapprox 5 mile away from City Birmingham as well as at distance of approx 2 miles fromJ6 Spaghetti Junction, linking to The NMN or National Motorway Network.

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