This paper considers the valuation in 1982 of the freehold interest in an industrial estate. The freeholder has granted a ground lease to a developer who has over a period of years constructed and let a number of factory and warehouse units. The ground rent is geared to a percentage of the rack rents on review every seven years. The majority of the occupation leases of the units on the estate are on a fiveyearly rent review basis with one unit on a three yearly rent review basis.
Journal of Valuation – Emerald Publishing
Published: Mar 1, 1983