Monthly Archives: February 2015

Taking Help of Estate Agents to Get Property Evaluated

A further 22,000 sq m of German property has been notarised at a cost of €58m. The portfolios comprise office buildings and two new retail warehouses with the latter being let to excellent tenants on new 15 year leases. The purchase prices reflect net initial yields of in excess of 7%.

‘I believe there is still significant value to be harvested across Europe but it will be a return to the ‘old faithfuls’ for value creation from now on: genuine market understanding, asset selection and active management will be the key drivers. Comprehensive, detailed market knowledge and penetration are now indispensable tools; the transparency and ease of access that we take for granted in the UK simply does not exist, even in old European countries, such as Germany. The direct consequence of this environment is an uneven perception of value, which, in effect, creates an arbitrage opportunity for the intelligent investor.’

There is one further building, currently housing a spacious restaurant with gorgeous views over the moors. Within this building there is also an exhibition mezzanine area, secondary kitchen and a further cloakroom. Valuating full building or property will give you the full idea or estimation of the house. These ancillary buildings are mainly surrounded by courtyards finished with cobbles, flagstones and gravel. In all there is 2 acres of land in which there is a pretty orchard and stream.

That these developments are taking place without apparently triggering major concerns or even active debate can perhaps be attributed to two prevalent assumptions within the industry. They previously worked together at Blair Kirkman. Andrew will focus on UK occupier agency work and Ben will focus on UK landlord agency work. Calum Ewing will join from Atisreal Ltd where he is an Associate Director leading its Retail & Leisure Agency team focusing on occupier and landlord agency work. Calum will focus on Central London retail and high street agency work.

New Mortgage Bailout Act Lacking in Adequate Property Valuation Standards

These appointments are hot on the heels of the recent appointment of Mark Poyner as Head of Retail who joined Knight Frank at the end of September from Prudential Property Investment Managers Ltd.

Alistair Elliott, head of commercial, Knight Frank said: “These appointments continue our strategy of increasing and strengthening our UK retail service line. Coupled with our established team, we now have the resources to deal with the full breadth of clients in this sector, acknowledging that many have been seeking greater depth to our business in this area. I am confident we are able to provide them with the services they require and have no doubt that under Mark’s expert guidance, the Retail team will continue to grow and achieve excellent results.”

Mark Poyner, head of retail, Knight Frank said: “I am delighted that these guys are joining the team. They each bring an excellent track record and experience which serve to further bolster the team.” Knight Frank’s Retail team in London now totals seven partners. Further appointments will be announced shortly.

One of the most eagerly awaited commercial Value The Property of 2006 has just been completed. Dartmoor Wildlife Park, a 30-acre property in the heart of the South Hams countryside, complete with around 400 exotic animals, was sold this week Knight Frank’s Hotels division in Exeter with a guide price of £1,250,000.

The Park is now to be a family business after being bought by the Mee family. Consisting of ‘Mamma’ Mee, her daughter, two sons and their families, they already have an interesting and intriguing animal background.

Benjamin Mee holds a degree in psychology and specialises in animal behaviour. He has spent the last ten years studying the topic. His current project looks into the complex subject of animal humour. His brother, Duncan Mee, gave his two daughters Giant African Breeding Snails after they requested a cat. Unable until now to home any truly exotic animals, they have more than made up for it.

The family intend to continue the Park as a family run business and hope only to make a few minor adjustments and gentle refurbishments to restore the park to it’s original state. Many of the enclosures will have some maintenance work, as will the restaurant and buildings ready for the opening, which is set to be around Easter time.

Why? Is the individual asking for the valuation on the “purchase side” or “offer side”?

New owner, Benjamin Mee, is extremely excited about the future ahead “I have an academic background in animal psychology but never thought I’d have the opportunity to work this closely with animals. I just hope I can rise to the occasion and keep the animals in a safe and happy environment”.

Colette Charsley, of selling agent Knight Frank, said: “In the time the property has been on the market there has been a high amount of interest, both from potential buyers and the media. I am sure the Mee family will be extremely successful in this new venture, due to their love of animals and their enthusiasm.

In characterizing protected innovation, which is the kind of impalpable resource that has not been truly viewed as in utilized fund gives, it must be seen as the gathering of creative innovations and/or Property valuation forms which make a lawfully secured and attractive item or administration that secures the establishment for managed benefits and brand improvement.

“We have achieved our original goal which was to remain in W1, and be on no more than three floors in an impressive landmark building. “There are so many advantages to this move, the main one being to enable us to give our clients a perfect blend of property consultancy services. From our new HQ, we will provide access to our established network of UK and European offices, The Americas, Asia Pacific and Africa.”

Geoff Springer, director, London and Regional Baker Street Limited added: “This letting to a leading international firm such as Knight Frank, further underlines 55 Baker Street as a landmark building in the West End core and follows the letting to BDO Stoy Hayward as its new world headquarters.”

“there is little real variation in terms between funds, they all comply closely with accepted norms; fees and costs don’t make a big difference to net returns, all that matters is the gross investment performance. “and is likely to become increasingly so in an environment where overall returns expectations may be lower than in the recent past. “

Property valuer deals with the whole process of property valuation

The terms and conditions that have been agreed between the parties remain confidential. Edward Charles & Partners represented London and Regional Baker Street Limited; Knight Frank represented itself. There is a magical quality to Monks Alley, a timelessly elegant Berkshire home and a property-renovator’s dream which is currently on the market through Knight Frank at a guide price of £2,850,000.

Set in 6.55 acres of garden and woodland, Monks Alley is a quietly spectacular home from a past era of elegance, when tea was taken on the lawn and when guests came to stay they would stay for a month at a time. Property valuation theory to make you profit by obtaining price of your house compare with the real estate market to make it more attractive.

The proportions of the reception hall (41’2” x 29’6”) and the drawing room 32’ x 15’5”) are indicative of a home that was designed for entertaining. In fact, the property has evolved over the years and it presents further opportunities to continue that process. The reception hall has expanses of magnificent limed oak panelling and a parquet floor and the drawing room and library/study have doors opening onto the terrace and gardens.

The property has, in addition, a sitting room, dining room, kitchen/breakfast room, utility, larder and store, cellar, master bedroom suite, a further bedroom suite and five further bedrooms. In addition, a two bedroom cottage, outbuildings, log store, swimming pool and an all weather tennis court. The approximate floor area of the main house is 6,081 sq ft, the garage and cellar comprises 775 sq ft and the cottage is 1,076 sq ft. Monks Alley, Binfield, is approached from a country lane and the village is conveniently close to Ascot, Bracknell and the M4.

Property valuation deals with property’s price finding

The Almonry at Muchelney, near Langport, is a wonderfully unusual Grade II listed property with massive commercial potential. The location couldn’t be more charming standing next to the remains of the mediaeval abbey, now in the guardianship of English Heritage and the Priest’s House owned by the National Trust. In fact up until the mid 16th century and the dissolution of the monasteries The Almonry was used as the Abbey’s guest’s quarters.

Muchelney is an Anglo Saxon word meaning ‘Great Island’ and is a small atmospheric village whose parish church is renowned for its beautiful painted Tudor ceiling. Set amid the stunning landscape of South Somerset with the river Parrett about ¼ miles away, the area is truly breathtaking. Despite its rural location the area is, nevertheless, accessible with the A303 only about 6 miles away

The Almonry was converted and finished to a high standard in the mid 1990’s, adhering completely to conservation policies and being rewarded with a commendation in the 1999 Civic Trust Awards.

The Almonry Barn is a Scheduled Ancient Monument and was restored under the supervision of English Heritage. This delightful open vaulted space has the quirky feature of the former threshing machine along one of the walls and would be ideal for use as an exhibition/function area. In addition there is a commercial kitchen, tea room within the converted stables, cloakrooms, store rooms and offices.

If you are buying or selling house then in both cases the property valuation structure will be beneficial for you to get awareness about the price of your property. “The obvious outcome of this is that fees as a percentage of the actual money invested is very high during the early years, and tends to be significantly higher than the headline rate on average over the life of the fund.Secondly, there is a very large range in costs from the lowest to the highest, even for funds within a closely-defined size range.“The headline rate of management fee varies between funds.”