QUESTION 10 You are to value a vacant lock up shop at Belmont. There are two recent shop sales nearby. SHOP 1 - 1960 Good Brick/Iron. Area 120m2 plus one rear carspace Currently leased for $30,000 per annum net ex gst Sold 1/8/2019 $430,000 SHOP 2 - 1975 Good Brick/Iron. Area 180m2 plus two rear carparks Currently leased for $40,000 per annum net ex gst Sold 1/9/2019 $590,000 The subject property, is a 1965 good Brick/Iron Shop. Area 140m2 plus one rear carpark Calculate the current market value, providing two methods of valuation, commenting on any assumptions made. QUESTION 10 You are to value a vacant lock up shop at Belmont. There are two recent shop sales nearby. SHOP 1 - 1960 Good Brick/Iron. Area 120m2 plus one rear carspace Currently leased for $30,000 per annum net ex gst Sold 1/8/2019 $430,000 SHOP 2 - 1975 Good Brick/Iron. Area 180m2 plus two rear carparks Currently leased for $40,000 per annum net ex gst Sold 1/9/2019 $590,000 The subject property, is a 1965 good Brick/Iron Shop. Area 140m2 plus one rear carpark Calculate the current market value, providing two methods of valuation, commenting on any assumptions made