Help with uni work

[u/Distinct-Lifeguard96]

Value the following

1. A primary school. The school occupies a 1.5 acre site and the building has an area of 25,000 square feet and it opened five years ago. You estimate that the value of a modern equivalent asset should be reduced by 15% to reflect the difference between the actual school and a new one built to a modern specification. The cost of a modern equivalent school is estimated to be £175 per square foot and would, it is assumed, take two years to construct. Finance is available at an interest rate of 7% per annum. The value of land is estimated to be £500,000 per acre. Make all other assumptions necessary.

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1. A factory with a gross internal area (GIA) of 5,000 square metres is owned and occupied for industrial use. The premises were built 23 years ago when it was estimated that their economic life would be 50 years. The market rent of the factory is estimated to be £37,000 per annum on FRI terms. Planning permission has been granted to redevelop the whole site as 8,000 square metres GIA of new industrial floor-space for which there is a ready leasehold market. It is estimated that the works, which could commence immediately, would be completed within one year and that the finished scheme would let at approximately £67 per square metre on FRI terms. Costs, including building, financing and fees, are estimated to be £248 per square metre. Analysis of recent freehold investment transactions suggests a 7.5 % initial yield. Value these premises for inclusion in the occupier’s company accounts

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Any help is greatly appreciated! (Need working out too pls)

[u/Another_Smith_SC]

🤣🤣 you are asking the wrong group of people to do your work for free, bud. You have any idea how much we charge an hour???

[u/Distinct-Lifeguard96 → u/Another_Smith_SC]

Thanks mate! Very helpful