Executive Summary
Here provide a brief summary of your report. It should also present findings.
Introduction
Here you provide a rationale of why you are preparing this report and other background information you consider important.
This report is being prepared for Neville Hurst who is interested in the value of Casselden Place. He has specified that two valuation methods be used to find out which has the more accurate valuation. Casselden Place is located in Melbourne’s CBD on the corner of Lonsdale Street and Spring Street. There are 40 levels above ground as well as another three below ground.
Valuation Details
Here insert specific details of the client, the purpose of the report, date of valuation, date of inspection, interest held, interest being valued and registered proprietors.
This report is being prepared for Neville Hurst as part of the second assignment in MMP212 Property Investment. The purpose of this report is to produce a commercial property market valuation report with use of two different valuation methods for the one building. Firstly it will be valued using the capitalisation methodology and then followed by the discounted cash flow valuation. The building was inspected on 17th of May 2012 and valued as at 17th of May 2012. There is no interest held in the building by the creators of the report other than producing accurate information that can assist and detail on the value of Casselden Place.
Property overview
It was constructed in 1992 with 40 floors entirely for office use and three levels below ground. At the beginning the building was meant to have a spire on the top, however plans fell through. Without the spire the building still stands at 166m high (Walking Melbourne 2012). At the base there is a large podium that the building sits upon to be in line with planning policies in the 1990’s. The architecture was done by Hassell Pty Ltd and constructed by the Australian