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You have been asked to prepare an insurance valuation assessment for a CBD commercial office building. The effective date of your assessment is the 1
You have been asked to prepare an insurance valuation assessment for a CBD commercial office building. The effective date of your assessment is the May You have been provided with the following information:
Land Area: m
Total Gross Building Area: m
Net Lettable Office Area: m
Gross Office Area: m
Basement Car Parks: spaces
Year Built: May
Effective Building Life: years
Current Office Building Costs: $m
Current Car Park Building Costs: $m
Other improvements: Nil
Professional Fees:
Building Cost Inflation: per annum forecast for the next three years
Reconstruction Period: months
Demolition Period: months
Demolition Cost: $m
NB All costs quoted are on a GST exclusive basis.
Required:
Calculate the following valuation estimates on the above building Round to the nearest dollar in the text field below and answer the following numeric questions based on the outcomes of your analysis:
Reinstatement Value
Reinstatement Inflation
Indemnity Value
Indemnity Inflation
Demolition Estimate
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