Conducting valuations Direct comparison method for residential Income approach for retail and office Continuing interest method for hotels
14/3, 354 Meadowside Quay This one-bedroom lower penthouse apartment is situated on the Walk, Glasgow Harbour, fourteenth floor of a Glasgow Harbour development. The modern Glasgow, G11 6ED. property contains an open plan kitchen, living room and dining room (5.97m3.73m), bedroom (3.71m2.98m) and bathroom (1.91m 1.96m ). Additional features include a private balcony, 40m terrace, views over the River Clyde, lift access, Energy Performance Certificate C Rating, and secure underground parking space. The flat is in excellent condition, currently vacant and available for sale, and has an E Council Tax Band. 123 Buchanan Street, The White Company re-let 123 Buchanan Street in November 2019 on Glasgow, G1 2JA a 21 year lease with 7 yearly rent reviews. The current passing rent is 395,000pa (FRI). The unit contains 402.85 square metres (NIA) with a 218.34 square metres rectangular ground floor trading area and 184.51 square metres basement. No 123 has a net frontage of 7.4 metres and the occupier has a D&B rating of 2A1, reflecting a "minimum risk". Your client is interested in buying both the heritable and leasehold interests. Radisson Blu Hotel, 301 This property, situated on Argyle Street just off Oswald Street and Argyle Street, Glasgow, G2 within walking distance from Glasgow Central Station, comprises a 4 8DL star hotel accommodating 250 bedrooms, ground floor reception, restaurant, bar and basement gym. The property is owned by your client but rented to the operator until April 2029. After allowing for staff and other running costs, you estimate that annual earnings before, interest, taxation, depreciation and amortisation of 2,555,250 represents a fair and maintainable profit for a reasonably competent operator in this property. You also estimate that 7.75% is a suitable capitalisation rate for the owner's interest whereas 9.5% is more suitable for the leasehold interest. 44-46 Whitfield Street, Your client current owns 44-46 Whitfield Street (recognised as 44 London, W1T 2RJ Whitfield Street in CoStar), a five-storey building, located in London's Real Estate Valuation and Appraisal West End office market. The total property contains approximately 1,080sqm(11,6236ft2) of office space with a 37.9sqm(408ft2) reception area on the ground floor. You have been asked by your client for the market value of this office which was leased at the current market rent (in arrears) in its entirety last month by Channel Capital Advisors on an IRO lease. The areas give conform to IMPS3 standards. 14/3, 354 Meadowside Quay This one-bedroom lower penthouse apartment is situated on the Walk, Glasgow Harbour, fourteenth floor of a Glasgow Harbour development. The modern Glasgow, G11 6ED. property contains an open plan kitchen, living room and dining room (5.97m3.73m), bedroom (3.71m2.98m) and bathroom (1.91m 1.96m ). Additional features include a private balcony, 40m terrace, views over the River Clyde, lift access, Energy Performance Certificate C Rating, and secure underground parking space. The flat is in excellent condition, currently vacant and available for sale, and has an E Council Tax Band. 123 Buchanan Street, The White Company re-let 123 Buchanan Street in November 2019 on Glasgow, G1 2JA a 21 year lease with 7 yearly rent reviews. The current passing rent is 395,000pa (FRI). The unit contains 402.85 square metres (NIA) with a 218.34 square metres rectangular ground floor trading area and 184.51 square metres basement. No 123 has a net frontage of 7.4 metres and the occupier has a D&B rating of 2A1, reflecting a "minimum risk". Your client is interested in buying both the heritable and leasehold interests. Radisson Blu Hotel, 301 This property, situated on Argyle Street just off Oswald Street and Argyle Street, Glasgow, G2 within walking distance from Glasgow Central Station, comprises a 4 8DL star hotel accommodating 250 bedrooms, ground floor reception, restaurant, bar and basement gym. The property is owned by your client but rented to the operator until April 2029. After allowing for staff and other running costs, you estimate that annual earnings before, interest, taxation, depreciation and amortisation of 2,555,250 represents a fair and maintainable profit for a reasonably competent operator in this property. You also estimate that 7.75% is a suitable capitalisation rate for the owner's interest whereas 9.5% is more suitable for the leasehold interest. 44-46 Whitfield Street, Your client current owns 44-46 Whitfield Street (recognised as 44 London, W1T 2RJ Whitfield Street in CoStar), a five-storey building, located in London's Real Estate Valuation and Appraisal West End office market. The total property contains approximately 1,080sqm(11,6236ft2) of office space with a 37.9sqm(408ft2) reception area on the ground floor. You have been asked by your client for the market value of this office which was leased at the current market rent (in arrears) in its entirety last month by Channel Capital Advisors on an IRO lease. The areas give conform to IMPS3 standards
