You are employed as a graduate surveyor by Castlebrook, a firm of general practice surveyors.

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You are employed as a graduate surveyor by Castlebrook, a firm of general practice surveyors.

LO1 Critically evaluate valuation methodologies and their uses
LO2 Critically appraise aspects of ethics and regulation and provide reasoned solutions and
advice to ethical problems
LO3 Critically analyse comparable rents, yields and capital values, to evaluate the current
UK and international property markets in a range of sectors
LO4 Develop basic valuation reports and provide justified solutions to a range of real estate
valuation problems
Scenario
You are employed as a graduate surveyor by Castlebrook, a firm of general practice surveyors. A
well-established client, Cathedral Properties Ltd, owns a portfolio of different types of real estate.
Castlebrook have been asked for advice concerning two properties from their portfolio.
Property 1
The first property comprises a ground floor mid-parade lock-up shop, with the following internal
dimensions:
Internal width (at front): 7.65m
Shop depth: 26 m
At a depth of 15m the shop widens for the remainder of the shop by 3m giving an internal width of
10.65m. The shop provides an ‘L’ shape configuration.
Within the shop there are three columns spaced at 5m intervals from the frontage. These columns
measure 0.45 m by 0.45m. At the rear of the shop there are WCs measuring overall 1.8m by 1.8m.
Property 2
The second property is a vacant office building known as Belmont House, situated on Belmont
Business Park. Belmont Park was built in 2010 and comprises 10 modern office buildings, situated
on the edge of a large regional city. Basic details of the subject property are as follows:
Address: Belmont House, 1 Belmont Business Park.
Title: Freehold.
Three-storey open-plan office.
Total accommodation 1,950 square metres (20,990 sq ft) International Property Measurement
Standard 1 (IPMS 1) with 20 car parking spaces.
Freehold interest to be placed on the market imminently.
© University College of Estate Management 2020 Page 3 of 11
Table 1: Comparable Evidence – Belmont Business Park
Address Description Lease terms Floor areas Transaction/Ren
t p.a.