Question 1 From the information provided please calculate the value to the tenants of their current lease. You can assume that location, improvements, style, age, land, zoning etc are comparable to each other and the subject tenancies. Comparable A demised area 340m2, pay $14,125 pcm Comparable B demised area 300m2, pay $2,830 per week Comparable C demised area 325m2, pay $6,345 fortnightly Current interest rates are between 6% and 7%. Subject properties: Lot 1 demised area 315m2, pays $2,925 per week has 4 years left to run on the term certain and a 5 year option period with a review to market on the uptake of the option. Lot 2 demised area 350m2, pays $15,170 pcm, in advance, has 2.5 years left to run on the term certain, and 3 x 3 option periods, review to market on the uptake of options.