Create a 8 pages page paper that discusses coronation investments plc. These units are offered on lease to the various interested companies and are sold subsequently when the lease agreement period gets over. Coronation Investments plc gets funding support from their merchant bank only when the ‘blue chip’ businesses sign lease agreements with them for the units developed. The company has the option to acquire a site in the central part of Southernsby, a south coastal town of the UK. Already major retail chains have started showing interest in this project and in obtaining the units that would be developed by Coronation Investments. The primary trading time for the leases usually cover the early summer days and the Christmas time and the favored months for moving in are April and October. However the lessee wishes to have access to the units as soon as possible. It is assumed that all other firms interested in the project would go for the similar timing preference. A period of 2 months has been allotted between the time of completion of the units and handing over those units to the retail firms. Any failure to comply with the agreed dates could lead to withdrawal of the deal and could give rise to related disputes. The outline of the development plan showcases a combination of retail and office space. The specifications of the plan has been stated below- Car Parking The initial car parking element of the appraisal figures have remained. This is due to the fact that the public spaces equate to ?5.30 per day and the reserved spaces equate to ?6 per day. Long term leases for reserved spaces will be paid for by companies who would lease office space etc and this will be calculated depending on the number of spaces, thus ?6 per space will be kept as an arbitrary figure for the purpose of this appraisal. For the public spaces, a typical city centre shopping centre such as the multi-storey car park connected to West Quay Shopping Centre in Southampton list all day car parking at ?5 (West Quay Parking). Thus the figure of ?310,000 is fit for purpose (as [?310,000/160 spaces/365 days = ?5.30 per day]). As this is a mixed development of office and retail the Parking Standards stipulates Class A1: Shops minimum 2 spaces per unit or 1 space per 500m2 for non food retail and Class B1: Offices minimum 2 per unit or 1 per 20 staff whichever is the greater. As we are unaware of clients who or staffing the amount of spaces will also remain the same. Public Areas Public areas no rental yield, however there is a possibility of leasing spaces for advertisements, albeit the income varies greatly depending on size, locality within the building etc, thus a ?5,000 arbitrary figure has been added for consideration. Kiosks & Atrium Cafes As the design/layout of the building isn’t known these figure remains the same. However the original appraisal had a mistake one atrium at ?20,000 with ?40,000 total, this has been adjusted. Shops & Offices The initial appraisal figures were somewhat on the low side and these have been adjusted in accordance with figures taken from Valuation Office Agency 2011. It must be noted that zoning is taken into account when valuing property, Zone A is classed as the most expensive part of a retail outlet and this is the first 6.1m from the front of the shop, then Zone B is 50% of A, Zone C is valued at 50% of B etc. The ?2,800 (Southampton) amount shown in Appendix A.1 is only for Zone A. Because the design of the retail area is unknown Zone A figures has been ignored and the value of ?250 has been used. Southampton has been chosen due to it being a south coastal town with similar attributes to Southernsby. The offices price per m2 has also been adjusted in accordance with figures from the VOA.