Yur client has instructed you to provide a valuation of a disused mill in Greater Manchester for insuroance reinstatement purposes. He would also like to know the rateable value of the property. The building was constructed in the 18th century and is 6 storey’s high on a floor plate of 7,700m2. The building is situated on a site measuring 1 hectare.
For this question the following information has been given please put it in the correct format with the formulas 1st part of the question Cost of building= 7,613,914 apply the 90% to find the land value
add the 1.5 million per hectar after detecting the 90% so based on this the capital value will be 2,261,000 this is what its going to be worth and this is what it will be multiplied with 5.5 to get the rateable value = 124,376