You have a commercial building in your portfolio returning $3,565,000 in market base rent per...
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Accounting
You have a commercial building in your portfolio returning $3,565,000 in market base rent per annum. Each year, $650,000 in outgoings are recovered from the tenants and $125,000 in outgoings are not recovered. The property has a vacancy rate of 2.5% and a capitalisation rate of 7.5%. What is the value of the asset?
(a) $44,678,333
(b) $44,720,000
(c) $47,533,333
(d) $53,170,000
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