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Hello could you please have a look at this assessment that I require. Could I have Vanessa look once again and have her comment on it.
please let me know regards SHane
2012 Assessment 2The Consultancy BriefYou are required to provide a consultancy report that will combine a valuation and land use recommendation for the following situation.A parcel of land of 8,000m2 formerly crown reserve exists between the shopping centre of rapidly growing regional township and a watercourse. The state government has identified the site as the ideal location for a government office block complex that will bring considerable employment to the township as well as provide necessary administrative infrastructure to the region. The complex would require 16,000m2 of office space and 320 car spacesThe local indigenous community has submitted a successful claim for recognition of customary title over the land. After due consideration, the government has concluded that the site must be acquired due to its unique capacity to provide for its needs in supporting the regional community. The government has approached the indigenous owners with a proposal to compensate them for the extinguishment of their customary rights.In the absence of the proposal from the government and the customary title claim, available advice suggested that the land would have been ideally suited to either development as residential apartments in line with emerging planning policy favouring higher densities near town centres, or mixed use combining retail, commercial space and/or residential. Preliminary investigation suggests that a commercial/retailing mix would be most applicable, though a residential component could provide equivalent or superior yield. Parking would be required at a rate of one car space per 40m2 of NLA. A gross FSR of 3.3:1 has been proposed as applicable, and in harmony with surrounding uses, though the current planning scheme does not include the subject land.The indigenous owners are considering leasing the land to the government, or to a private investor/developer for 40 years, which is considered the economic life of the building. They would prefer not to…