Task
Write a business letter to your firm’s long-standing client, Glen worth Developments.
Your letter should:
•explain the comparisons and residual methods of valuation to your firm’s client in order to determine the optimum value to be achieved from the retail store on Henry Street;
•outline any ethical dilemmas you foresee (as per RICS professional standards and guidance, global – Conflicts of Interest, 1st edition, March 2017) with regard to the instruction received;
•explain the differences in measured areas outlined in your sales brochure in comparison to those measurements determined for the existing premises next door (as measured by the present owners Glenworth Developments).
These premises are currently let as a modern office which your office has previously advised on. Be aware when you are writing your letter that your long-standing client, Glen worth
Developments, for whom your office provides portfolio management advice, is a highly valued client and you are extremely concerned your office may lose their existing and future brief.
© University College of Estate Management 2021 Page 3 of 9 Additional Guidance The submission should take the form of a business letter whereby the tasks are outlined at the start of the letter and then each is allocated a separate section in the letter.Bullet points should not be used.
Reference list and bibliography You should include a reference list with a minimum of five separate relevant and appropriate sources that you have written about and cited within your work. A bibliography of incited sources is not required.
Further information to support you with this assignment is available within the study materials for this module on the UCEM VLE.
