400 Level Estate Management And Valuation Department exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.
Questions:
a) Determine the conventional investment value of a freehold property leased for the next 7 years at N400,000 p.a. if the rental value is N550,000 while similar properties sold for an average of N7.85 million.
b) Determine the value of the property in (a) above using the equated yield analysis, if it has been further established that similar properties have provision for 5-yearly rental reviews and that government securities are currently producing an 8% return.
