Comparison of Valuation Methodologies for Two Different Properties

COMMERCIAL
VALUATION

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
1. PURPOSE AND DEFINITION...................................................................................................3
1.1 Report of RETAIL BANKING CHAMBER at Mona Vale Road.........................................3
1.2 Report of BEING LOT 1 IN STRATA PLAN 564212 at Point Piper..................................4
2. CRITIQUE OF THE CONTENTS OF EACH REPORT............................................................5
2.1 Valuation methodology..........................................................................................................5
2.2 Similarity................................................................................................................................6
3. COMPARABLE ANALYSIS.....................................................................................................6
3.1 Report of Mona Vale:............................................................................................................6
3.2 Report of Point pipe...............................................................................................................7
4. CONCLUSION...........................................................................................................................7
5. RECOMMENDATIONS.............................................................................................................8

INTRODUCTION
Valuation of property enable the determination of exact value of the land that would help to
make the decision. It is an important aspect with which the land is being valued with the
consideration towards various factors including market, nearby location and property. This report
will discuss about the comparison of valuation of two different properties along with some
different valuation methodologies. Likewise, a critique analysis of the valuation methods and
other aspects adopted in the report will also be discussed in the report.
MAIN BODY
1. PURPOSE AND DEFINITION
1.1 Report of RETAIL BANKING CHAMBER at Mona Vale Road
The main purpose of valuation of the property is related with the aspect of valuation of property.
With regard to the valuation of property at Mona Vale the main focus is being lied over the size,
position and condition of the property is given. In the same way with the valuation of property at
Mona Vale Road, the rental values as well as market value is being ascertained.
Its purpose may6 also include is to determine the exact and accurate value of the property while
making a comparison with other property located in the same area. With this comparison and a
focus over the aspect of size along with quality of location, parking facility, presentation of
premises and various others the real value of the Rental banking chamber is undergoing to be
ascertained.
Current market rental:
As per the definition of International Valuations Standards Committee it is the best possible rent
that is expected at the date of valuation with an assumption that there is a willingly interaction
between a lessee and lessor in an arm length transaction. This is being done after proper
marketing and the parties acted without any compulsion and there must be wilfulness and
adequate knowledge.
Unit of value approach:
It is the net rental $/sqm p.a.
Premises: