Task
Write a business letter to your firm’s long-standing client, Glenworth Developments.
Your letter should:
•explain the comparisons and residual methods of valuation to your firm’s client in order to determine the optimum value to be achieved from the retail store on Henry Street; •outline any ethical dilemmas you foresee (as per RICS professional standards and guidance, global – Conflicts of Interest, 1st edition, March 2017) with regard to the instruction received;•explain the differences in measured areas outlined in your sales brochure in comparison to those measurements determined for the existing premises next door (as measured by the present owners Glenworth Developments). These premises are currently let as a modern office which your office has previously advised on.
