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Posted on Oct 04, 2024

What are the differences in the land value estinates for the two appraisals? 1 3 1 opra Date 101/07/2021 Outer 10 Den Cusuudio Proles vonaltes

What are the differences in the land value estinates for the two appraisals? image text in transcribed

1 3 1 opra Date 101/07/2021 Outer 10 Den Cusuudio Proles vonaltes Later was Pations Coming Developer's profit org! Demet Com ted 01/192021 01/01/2022 01/01/2002 OVO 2022 of 102032 01/01/2001 01/042023 1 2 5 6 LOL 700 Surplus fortand before acquisition costs E 4.1 and value ME . Land purchase Motion Demolition Conti Sales Date 01/07/2021 01712071 OVOV/2022 01/01/2002 O/07/2022 o 10/2012 01/01/2022 01/04/2023 Cortez lo 2 4 5 6 7 Demon 300.000 E C Construction 34.000 0.250.000 - 290.000 4250.000 Profesionales 200.000 X00.000 300.000 100000- 300.000 300,000 External works 200.000 250.000 Planninations 2.000.000 Conungur 15.000 2.500 227,00 227.500 227.500 E 240.000 Developers pratitisol GOME S50 120.000 Revenue Mather housing Alordable housing Retail 13.000.000 100,000 29260 Netcash few WOS.no 05 10000 2015.000 110.07.500 4.777.500 09 19 0.95M 22169M LO90 4.94.550.000 4777.100 1.127.2 0.9294 4.49 RIB 12 AL227 12,600,000 091 115.26 surplus for Land before acquisition costs E6,958,512 Land value 1655 KOVO Sales 01/04/2023 7 OF 1 3 April Date Cuarto Demon Conso Pro External works Panningens Conti Land purchase Mobilisation Dancion Construction 101/07/2011 Of 10 2021 21/01/2022 2022 01/07/2022 012022022 22 1 5 1 500.000 414000 420.000 250.000 300.000 300.000 0000 Waa2 Xa. abo 2,00,000 15.000 525.00 227500 22.00 227.500 1 3. 2 4.250.000 300.000 270.000 1 F 1 2 70,000 1 even Martha Ang Real 2.000 ; 12800.000 1400.000 29 1 477,500 472.500 Net how Pa TRR 1.0000 2000 L 102.500 0.52 09125 2.2.10 LLO DOSTU 1006 D War TANON Side 15.2 12400.000 TAI KO AD HREI KA > LOL 700 Surplus fortand before acquisition costs E 4.1 and value ME . Land purchase Motion Demolition Conti Sales Date 01/07/2021 01712071 OVOV/2022 01/01/2002 O/07/2022 o 10/2012 01/01/2022 01/04/2023 Cortez lo 2 4 5 6 7 Demon 300.000 E C Construction 34.000 0.250.000 - 290.000 4250.000 Profesionales 200.000 X00.000 300.000 100000- 300.000 300,000 External works 200.000 250.000 Planninations 2.000.000 Conungur 15.000 2.500 227,00 227.500 227.500 E 240.000 Developers pratitisol GOME S50 120.000 Revenue Mather housing Alordable housing Retail 13.000.000 100,000 29260 Netcash few WOS.no 05 10000 2015.000 110.07.500 4.777.500 09 19 0.95M 22169M LO90 4.94.550.000 4777.100 1.127.2 0.9294 4.49 RIB 12 AL227 12,600,000 091 115.26 surplus for Land before acquisition costs E6,958,512 Land value 1655 Appraisal A Land purchase Mobilisation Demolition Construction Sales Date 01/07/2021 di 10/2001 01/01/2022 01/04/2022 01/07/2022 01/102022 01/01/2022 01/04/2023 Quarter 10 1 2 3 4 5 6 7 Demolition E 500.000 f E Construction E E E -E 4.250.000 420.000 4250 000 - 4,250,000 Professional lees E + 300.000 300.000 - 300.000 300.000 - 300.000 300.000 External works 250.000 - 250.000 Planning obligations 2,000,000 E Contingency 15.000 $2.500 - 227,500 227.500 - 227.500 - 240,000 Developer's profit (45% of Gow - S.508.750 Revenue Market housing Allardable housing Retail 12.600.000 12,600,000 8.400,000 [2.926,030 Net cash flow pv @5%.a. finance costs DCF 1.0000 225.000 1,102,500 47,500 4.772,500 4771 900 13.377,280 12,600,000 09879 09182 2.286.934 + 1,075930 4.605,89 4.550.000 4.494 839 E 12,433,227 [ 11.568,826 09759 09524 Surplus for land before acquisition costs E6.988.512 Land value 6,543,550 Appraisal B Date Quarter Demolition Construction Professional fees External works Planning obligations Contingency Land purchase Mobilisation Demolition Construction Sales 01/07/2021 01/10/2021 01/01/2022 01/04/2022 01/07/2022 01/10/2022 01/01/2023 01/04/2023 10 1 2 3 5 6 7 E E 500.000 E E E E E 420.000 4.250.000 4,250,000 4,250,000 E 300.000 300.000 300.000 200.000 300.000 300,000 250,000 - - 250.000 E 2.000.000 E E 15.000 52.500 227.500 227500 227.500 240.000 Revenue Market housing Alfordable housing Retail 12.600.000 12.500.000 8,400,000 1 2926.030 + Net cash flow PV @ 15% pa. TRR DCF 1.0000 235,000 1,102,500 4777.500 + 47.500 4,7 500 18,836,030 12,600,000 0.9657 09325 0.9005 0.8696 0.8397 0.8109 0.7830 2.235,50 1.028.087 4202058 4154.348 4.011.700 15,314,186 9,866,187 Surplus for land before acquisition costs 59,448,661 Land value 18.847,060 1 3 1 opra Date 101/07/2021 Outer 10 Den Cusuudio Proles vonaltes Later was Pations Coming Developer's profit org! Demet Com ted 01/192021 01/01/2022 01/01/2002 OVO 2022 of 102032 01/01/2001 01/042023 1 2 5 6 LOL 700 Surplus fortand before acquisition costs E 4.1 and value ME . Land purchase Motion Demolition Conti Sales Date 01/07/2021 01712071 OVOV/2022 01/01/2002 O/07/2022 o 10/2012 01/01/2022 01/04/2023 Cortez lo 2 4 5 6 7 Demon 300.000 E C Construction 34.000 0.250.000 - 290.000 4250.000 Profesionales 200.000 X00.000 300.000 100000- 300.000 300,000 External works 200.000 250.000 Planninations 2.000.000 Conungur 15.000 2.500 227,00 227.500 227.500 E 240.000 Developers pratitisol GOME S50 120.000 Revenue Mather housing Alordable housing Retail 13.000.000 100,000 29260 Netcash few WOS.no 05 10000 2015.000 110.07.500 4.777.500 09 19 0.95M 22169M LO90 4.94.550.000 4777.100 1.127.2 0.9294 4.49 RIB 12 AL227 12,600,000 091 115.26 surplus for Land before acquisition costs E6,958,512 Land value 1655 KOVO Sales 01/04/2023 7 OF 1 3 April Date Cuarto Demon Conso Pro External works Panningens Conti Land purchase Mobilisation Dancion Construction 101/07/2011 Of 10 2021 21/01/2022 2022 01/07/2022 012022022 22 1 5 1 500.000 414000 420.000 250.000 300.000 300.000 0000 Waa2 Xa. abo 2,00,000 15.000 525.00 227500 22.00 227.500 1 3. 2 4.250.000 300.000 270.000 1 F 1 2 70,000 1 even Martha Ang Real 2.000 ; 12800.000 1400.000 29 1 477,500 472.500 Net how Pa TRR 1.0000 2000 L 102.500 0.52 09125 2.2.10 LLO DOSTU 1006 D War TANON Side 15.2 12400.000 TAI KO AD HREI KA > LOL 700 Surplus fortand before acquisition costs E 4.1 and value ME . Land purchase Motion Demolition Conti Sales Date 01/07/2021 01712071 OVOV/2022 01/01/2002 O/07/2022 o 10/2012 01/01/2022 01/04/2023 Cortez lo 2 4 5 6 7 Demon 300.000 E C Construction 34.000 0.250.000 - 290.000 4250.000 Profesionales 200.000 X00.000 300.000 100000- 300.000 300,000 External works 200.000 250.000 Planninations 2.000.000 Conungur 15.000 2.500 227,00 227.500 227.500 E 240.000 Developers pratitisol GOME S50 120.000 Revenue Mather housing Alordable housing Retail 13.000.000 100,000 29260 Netcash few WOS.no 05 10000 2015.000 110.07.500 4.777.500 09 19 0.95M 22169M LO90 4.94.550.000 4777.100 1.127.2 0.9294 4.49 RIB 12 AL227 12,600,000 091 115.26 surplus for Land before acquisition costs E6,958,512 Land value 1655 Appraisal A Land purchase Mobilisation Demolition Construction Sales Date 01/07/2021 di 10/2001 01/01/2022 01/04/2022 01/07/2022 01/102022 01/01/2022 01/04/2023 Quarter 10 1 2 3 4 5 6 7 Demolition E 500.000 f E Construction E E E -E 4.250.000 420.000 4250 000 - 4,250,000 Professional lees E + 300.000 300.000 - 300.000 300.000 - 300.000 300.000 External works 250.000 - 250.000 Planning obligations 2,000,000 E Contingency 15.000 $2.500 - 227,500 227.500 - 227.500 - 240,000 Developer's profit (45% of Gow - S.508.750 Revenue Market housing Allardable housing Retail 12.600.000 12,600,000 8.400,000 [2.926,030 Net cash flow pv @5%.a. finance costs DCF 1.0000 225.000 1,102,500 47,500 4.772,500 4771 900 13.377,280 12,600,000 09879 09182 2.286.934 + 1,075930 4.605,89 4.550.000 4.494 839 E 12,433,227 [ 11.568,826 09759 09524 Surplus for land before acquisition costs E6.988.512 Land value 6,543,550 Appraisal B Date Quarter Demolition Construction Professional fees External works Planning obligations Contingency Land purchase Mobilisation Demolition Construction Sales 01/07/2021 01/10/2021 01/01/2022 01/04/2022 01/07/2022 01/10/2022 01/01/2023 01/04/2023 10 1 2 3 5 6 7 E E 500.000 E E E E E 420.000 4.250.000 4,250,000 4,250,000 E 300.000 300.000 300.000 200.000 300.000 300,000 250,000 - - 250.000 E 2.000.000 E E 15.000 52.500 227.500 227500 227.500 240.000 Revenue Market housing Alfordable housing Retail 12.600.000 12.500.000 8,400,000 1 2926.030 + Net cash flow PV @ 15% pa. TRR DCF 1.0000 235,000 1,102,500 4777.500 + 47.500 4,7 500 18,836,030 12,600,000 0.9657 09325 0.9005 0.8696 0.8397 0.8109 0.7830 2.235,50 1.028.087 4202058 4154.348 4.011.700 15,314,186 9,866,187 Surplus for land before acquisition costs 59,448,661 Land value 18.847,060