There will be a minimum of two non-identical tenants. You should assume hypothetical tenants, including their covenants, lease structures, unit sizes, lease length, unexpired terms, rent review, break clauses, lease obligations and/or incentives. Ideally one tenant has an overrented lease, where the other is under rented. The valuation date (one of the mandatory elements) to be used in the report is 01st January 2024.

A)Confirmation of instructions which should demonstrate confirmation of professional reporting standards, and ethics, and disclosure of conflict of interest(s). Terms of Reference, though essential in professional valuation reporting, are not required for this coursework owing to the colossal amount of required information.

B)Your report shall, in the confirmation of instructions, acknowledge that "the report is presented in the format according to the agreed Terms of References and consistent with the minimum standards required by the RICS'3

C)Full valuation calculations of the reported value in the valuation report (either Term and Reversion, or DCF), depending on the specified basis of value, with supporting notes. It must clearly show the calculations and the basis on which the valuation is arrived at, including details of comparables (see iv) and related analysis, as well as assumptions made; An alternative method of valuation, for example, if the reported value was based on Term and Reversion, the alternative valuation applying DCF technique and vice versa.

D)NB: The alternative value should not be reported in the valuation report. The full information of your comparables for sale transactions (to determine the Yield) and lease transactions (to determine Market Rent) NB: Use metric units (m2) only. Conversions: Price: /ft? x 10.76 to get /m equivalent Area: ft? 10.76 to get m? equivalent