16333 Lecture Notes - Lecture 11: Land Values, Delicatessen, Environmental Planning
Document Summary
Factors to be considered in striking a heritage value: fsr actual to permitted physical factor, rent actual to market market factor, outgoings actual to market market factor. Mixed use land: sect 14bba & bbb valuation of land act: jim owns a retail shop in which he runs a business as a delicatessen. The land value of the property is ,000. Retail shop & residence: floor area of each use is 100 m2, rent (hypothetical) Mdaf: mdaf calculated on rental not on area, e. g. Shop ,000 pa land value ,000. Residence ,000 pa land value ,000: residence must have separate access & be fully self contained, successful criteria test. Residence must be fully self contained viz separate kitchen and bathroom. Residence must have separate access to the shop. Allowance for profitable expenditure: sect 14 l to r valuation of land act 1916: allowance for improvements to land.
