To arrive at the open market value of the property in its existing state At the date of valuation and the estimated present capital value at current prices and on the basis of current market conditions, which valuation is to be accepted as the purchase price and the selling price binding both the buyers and the sellers after both the buyers and sellers mutually agreed to the appointment of architect Joe Cassar to carry out this valuation. Data Consulted This evaluation relies on information provided by the directors of CBC as well as the following data: Deeds of title; Property surveys presented by CBC; Planning Permits; Construction and finishing costs; Annual maintenance costs; Anticipated long term replacement costs of worn out elements; Expected revenue streams of letting prices; Financial feasibility studies; Phasing of the project and programme for development Inspections For the purpose of this evaluation a number of site inspections were carried out during the past weeks. Description of the Property The Property being evaluated comprises a group of buildings with commercial and industrial uses located at Mdina Road, Zebbug. Mdina Road is one of the busiest arterial roads providing an easy access from both the North and South areas of Malta. Being easily accessible and being centrally located the premises offers a number of advantages. The site on which the Property is situated is located outside the limits of development of Zebbug, within an area of Containment. The present building footprint is 2095m² which is approximately 14% site coverage. The North and East areas around the site are characterized by agricultural land with irregular mixed ribbon development situated on Mdina Road. The site slopes down away from Mdina Road towards the Northern area. An electricity sub-station also exists on the Southern periphery of the site, adjacent to the small car park and next to the existing showroom.
To arrive at the open market value of the property in its existing state At the date of valuation and the estimated present capital value at current prices and on the basis of current market conditions, which valuation is to be accepted as the purchase price and the selling price binding both the buyers and the sellers after both the buyers and sellers mutually agreed to the appointment of architect Joe Cassar to carry out this valuation. Data Consulted This evaluation relies on information provided by the directors of CBC as well as the following data: Deeds of title; Property surveys presented by CBC; Planning Permits; Construction and finishing costs; Annual maintenance costs; Anticipated long term replacement costs of worn out elements; Expected revenue streams of letting prices; Financial feasibility studies; Phasing of the project and programme for development Inspections For the purpose of this evaluation a number of site inspections were carried out during the past weeks. Description of the Property The Property being evaluated comprises a group of buildings with commercial and industrial uses located at Mdina Road, Zebbug. Mdina Road is one of the busiest arterial roads providing an easy access from both the North and South areas of Malta. Being easily accessible and being centrally located the premises offers a number of advantages. The site on which the Property is situated is located outside the limits of development of Zebbug, within an area of Containment. The present building footprint is 2095m² which is approximately 14% site coverage. The North and East areas around the site are characterized by agricultural land with irregular mixed ribbon development situated on Mdina Road. The site slopes down away from Mdina Road towards the Northern area. An electricity sub-station also exists on the Southern periphery of the site, adjacent to the small car park and next to the existing showroom.
Prospectus%2020170529_FinalCBC%20with%20signatures.DOCX