EST 411 Theory Questions: Valuation Approaches for Warepo Filling Station in Ilaro

400 Level Estate Management And Valuation Department exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.

Questions:

Warepo filling station along Express Road, Ilaro is on approximately 1 acre of land fenced on the rear and sides. It has 4 PMS pumps and 1 each for AGO and DPK with 2 tanks of 45,000-litre capacity underground reservoir tank for PMS and 1 of such each also for AGO and DPK in addition to a small (10metre by 7.5metre) mini shop and a car washing bay.

• Identify three approaches that are appropriate for the market valuation of the Station and by making all reasonable but explicitly stated assumptions, attempt the valuation using any one of these approaches.

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