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Instructions were received from the superior landlord’s bank to value the long leasehold investment of 4 shops with upper parts, in a part of the City Centre currently undergoing redevelopment of nearby sites.
As the long leasehold interest was in the ownership of a registered charity, we were subsequently asked to prepare a report for the Trustees, to comply with The Charities (Qualified Surveyors Reports) Regulations 1992.
In order to assist with long term asset management, we co-ordinated advice by agency departments on likely rents and sale prices if upper parts were converted to residential use.
Following the re-negotiation of the headleases, the properties were re-valued for bank security purposes.