2019-04-09 Planning & Environment Committee Agenda

PLANNING & ENVIRONMENT COMMITTEE MEETING AGENDA   9 APRIL 2019




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PLANNING & ENVIRONMENT COMMITTEE MEETING AGENDA                                     9 APRIL 2019

                                    VALUATION ADDENDUM

  Market Value

  “Market Value” is defined as “The estimated amount for which an asset should exchange on the date of
 valuation between a willing buyer and a willing seller in an arm's length transaction after proper marketing
  wherein the parties had each acted knowledgeably, prudently and without compulsion”.

  Easements/Encumbrances
 The title deed has not been searched to venfy if any encumbrance or easement exists. This valuation is
  assessed on the title being free from any encumbrance or easement other than a registered mortgage.

  Improvements
  Nil
  Basis of Valuation

  We have assessed our valuation on the basis of Freehold Title with vacant possession. Our valuation is
  determined on the basis that the property, the title thereto and its use is not affected by any other matter
 than that mentioned in this report. Specifically, we have assumed that the property is not affected by
  financial liens of any nature.
  We have neither undertaken, requested, nor sighted the following:
  ®* Detailed Title Search or a photocopy of the Certificate of Title:
  =  Written Town Planning Certificate:
  =  Identification Survey by a Licensed Surveyor,
  =  Queensland Transport Roads Search;
  =  Written Flood Search;

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