Expert Evidence – Industrial land development
Expert evidence prepared for Supreme Court of Victoria relating to dispute between related parties over a large industrial development site. Instructed to provide a range of retrospective valuations to determine the appropriate market value at the required valuation dates.
Financial Reporting – Medical Services Provider
Market rental valuations of a portfolio of medical services premises to determine the current market value of numerous leases for financial reporting purposes.
Current Market Rental Value – Allied Health occupancy
Jointly instructed by the landlord and tenant to establish the current market rental value of the property for pending lease option period. Detailed report provided identifying relevant market based rental evidence to support new current market rental value. This enabled the parties to amicably arrive at the rental for the next lease period without conflict.
Retrospective valuation – assessment of compensation for Financial Loss under the Planning and Environment Act 1987.
Instructed to ascertain the financial loss suffered as a result of a planning permit for industrial land subdivision being refused due to land being subject to a Public Acquisition Overlay by Transport for Victoria. Both residual land valuation and direct comparison valuation methods undertaken.
Current Market Rental Value – Crown Land Tenancy Renewal
Retained by the sitting tenant to advise of market rental value for pending new long-term lease. Advised on a number of scenarios incorporating a straight annual rental, mix of base and turnover rentals and a mix of options incorporating expansion of the premises based on higher rentals with landlord responsible for capital works. Our advice resulted in a considerably lower rental for the new tenancy period.
Current Market Value – Pre sale market value – Medical Centre
Retained by vendor to evaluate both sale and rental options for freehold interest of medical practice. Both capitalisation and direct comparison valuation methods undertaken.
Insurance Replacement Value – Industrial unit development
Retained by body corporate to advise on reinstatement replacement costs for multi-unit development and body corporate property. Advice resulted in substantial increase in insurance amount to reflect current building construction costs.
Current Market Value – SMSF Reporting purposes
Current Market Valuation of capital and rental value prepared for Self-Managed Superannuation Fund reporting purposes.
Current Market Value – Commercial land swap
Retained by adjoining shopping centre owners to advise of the effect of land transfer and settlement resulting from a municipal council constructing a roadway between land holdings and leaving sections of each land holding separated from main centres. Analysis of land value changes to advise on increase/decrease in value and appropriate net difference payment required between landholders.
Current Market Value – Compulsory Acquisition
Compensation assessment in accordance with the Land Acquisition and Compensation Act 1986 for the compulsory acquisition of various properties associated with the North East Link, Level Crossing Removal Projects, Peninsula Link, East West Link and various road way acquisitions both small and large across both Metropolitan Melbourne, Mornington Peninsula and Regional Victoria.
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