Monthly Archives: March 2015

The property valuation process is easy to perform process

Firms like Strutt & Parker can assist by producing Deer Management Plans. By taking proper advice, deer control in woodlands can be successfully integrated into the overall management plan of an estate, maximising financial returns and increasing both the heritage value and the owner’s enjoyment of the property. And this can be done by the carelessness of the property valuer who has no idea to do the process and also have no idea to manage the full process of property valuation.

The Scottish Forestry Grant Scheme is already proving very popular and its introduction this summer has coincided with a new guide on stalking best practice by the Deer Commission for Scotland. Mr Kennedy believes both show a welcome new emphasis on woodland stewardship, which will have a number of important economic spin-offs for rural areas, including increased demand for contract stalkers and other services.

Scotland now has the greatest level of afforestation for over 300 years, with many woodlands now restocked after extensive felling during World War I. Managing this resource well will be important for the economic livelihood of the countryside. The SFGS includes tree-planting grants for the improvement of both farmland and riverside landscapes as well as support for establishing well-designed productive forests and restocking existing ones.

Leading land and farm management consultants Strutt & Parker and expert conservation advisors FWAG in Scotland have joined forces to offer farmers and land owners a quality service under the recently announced Whole Farm Review Scheme. The pilot Whole Farm Review Scheme, operated by SEERAD, opens on 1st October and offers grants of up to 90% of the cost (capped at £1,600) to undertake a full farm business review.

Why the property valuation process is considered as the tough process?

But to hire such experienced property valuer you will need to perform a detailed search in the real estate market to find one capable property valuer. After you make a reliable and good choice of property valuer for performing the property valuation process it will be easier for you to manage the whole process for finding the house price. the warehouse segment, for example, there is an increased call for month-to-month terms or threemonth blocks with a duration up to one year.Rock Road Business Center will add 24,000 square feet of needed Class B flex space in 2003.Class A flex space, primarily centered in Northrock Business Park, is at $12 per square foot.The Class A market appears to be softening as reflected in long-term vacancies in high cube and other Class A properties fronting K-96.

We’ve learned that the Australian Accounting Standards Board plan to change the way you account for the re-valuations of property assets. In one fell swoop, this proposal has the potential to wipe millions of dollars off your bottom-line.

The process which is conducted for finding the house price is known as the property valuation process and this process is considered as the tough or complex process. And this is said because the process for valuing property has several legal steps which are tough and complicated because of the legal involvement. At present, property owners are required under AASB 1010 Revaluation of Non-Current Assets to take a net increase in value of their properties to the asset valuation reserve on the balance sheet. Any net decline not covered by a previously existing asset revaluation reserve must be put in the P&L statement as an expense.

The keyword in the existing standard is net. The only way a decline in the value of one or more of your assets hits the P&L is if the overall value of your assets during the year are written down and you did not have an asset revaluation reserve from the previous round of valuations.That’s all about to change.

The concept of net re-valuation has been removed! Exposure Draft 92 – Revaluation of Non-Current Assets proposes that each increase or decrease in the value of your assets is treated independently of each other. In other words, a decline in the value of one or more of your assets must be expensed in the P&L regardless of whether or not the overall value of your assets has gone up.

Prepare lawful property appraisal report in Perth

The trust initially purchased a 50% interest in March 2002 from the Uniting Church, who has remained the joint owner until now. Current tenants include Sussan, Transfield, ACI, Delta Electrical, Capral Aluminium and Northline Freight, with a precommitment from the NSW Rural Fire Service. In terms of englobo industrial land, a 27.73 ha industrial development site in Gaven, which is bordered by M1 (Pacific Highway) and the Brisbane to Gold Coast Rail Link, settled this month for $11.2 million. A recent example is the property at 32 – 34 Garden Street, Southport, which houses the well known national tenant, Beaurepairs, which has recently sold for $1.55 million representing a net yield of approximately 5.03%.Furthermore the property has a land area of 1,394m2 which is somewhat larger than most of the surrounding land holdings and this is reflected in the yield.

The sale of a nine storey building located at 64 Ferny Avenue, Surfers Paradise, known as Breakfree House has occurred recently for a reported sum of $7.75 million representing a rate per square metre of $2,672 and a net yield of between 8% and 9%.Breakfree exercised its option to purchase the building in October last year for $5.5 million also relocating to the building and taking naming rights. The building is located in what is considered to be a high profile position with a modern design and tenants including Breakfree, Gold Coast Visitors Bureau, Energy One, Optus, Knight Frank and Radio Metro.

The second stage is to comprise 17 allotments with listed prices ranging from $1.85 million to $2.55 million. The values being achieved here are in line with those in more established prestige waterfront estates like Paradise Waters and Cronin Island. On the back of the record sale of 3551 Main Beach Parade (as reported in Feb/March BenchMark), two Main Beach beachfront units recently sold at record values. Unit 4/3513 Main Beach Parade sold at auction in February 2004 for $2.2 million the Estate valuation The purchaser reportedly bought the property as a long term holding basing the purchase on a land value only. While this has not yet been seen to impact on the value of development sites, further site purchases are becoming more difficult to justify.

AMP Life and Ronnin Property Trust have parted with one of their trophy Brisbane assets with the sale of Waterfront Place last month. The 58,845m2 premium grade building was sold with limited vacancy and an average gross passing rent of $402/m2 (mix of face and effective rents within the building).