Traditional investment approach: worked examples
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The property
The property is a 3-storey office block with each floor let to different tenants. Each floor is 5,000 sq. ft and the market rental value is £20 psf. A tenancy schedule is set out below.
Floor
Tenant
Lease
Passing rent
Ground
Rod & Co Architects
3 yrs unexpired
£80,000
First
Jane & Co Solicitor
5 yrs unexpired
£100,000
Second
Freddy & Co Surveyors
4...
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