Retail Valuation
The details in terms of size, types and characteristics of a shopping centre as well as the fact that it consists of many separate units (shops) managed as a single property require detailed attention and comprehensive knowledge. Another challenge faced is that these types of properties change and develop more rapidly than any other type of property, thus requiring detailed market knowledge and forecasting. A valuer must also take into account both the macro and micro location, competitive schemes, catchment area, absorption and vacancies, the centre management, layout, design and functionality of the property, and must be able to effectively analyse the lease agreements, anchor tenants and tenant mix relevant to the centre to be able to determine a realistic and accurate value of the shopping centre property.
Myburgh Property Valuers valuation services include:
– Rental value determination
– Fair value (current, future and past)
– Residential home loan portfolios
– Replacement cost valuations for insurance purposes
– Desktop valuations: A valuation based on existing records resourced through their extensive national database, comparable sales analysis and aerial imaging. – Desktop valuations are performed in lieu of actual property examinations, released under a caveat subject to the extend and accuracy of disclosure.
"He is not a full man who does not own a piece of land." - Hebrew Proverb
