Highlights
Assessment task details and instructions
The consultancy where you are employed have recently received a new instruction from an experienced national developer who is now actively seeking a new project in the North West. The client has been actively researching the Manchester/Salford property market and have now found a potential opportunity, known as “Copper Gate”. The freehold disposal of this site is currently being marketed by local agent WT Gunson as a “prime residential development opportunity” for 104 apartments and a ground floor retail unit on the basis of “offers in the region” of £3.5m.
The client is not familiar with the Manchester/Salford market, but they believe that the site may be overpriced. Whilst they have confirmed that in principle it is of interest, they would now like you to prepare a development appraisal and report to advise on your opinion of the value of the land and the strategy that should be adopted if they intend to make an offer to purchase.
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