Planning & Property Development- Development Appraisal Essay

Planning & Property Development- Development Appraisal - Essay Example Projects are also underway to develop high speed train links between London and Europe to the midland and northern cities of England. There is a rich and diverse presence of flora and fauna around but there are currently no tree preservation orders at the site. The site has also been used for cement works (currently), tourism (currently), agricultural purposes (1800s), canal warehouses (1935s), and canals and railways (1840s). There site also the boasts the presence of historical sites (museums and galleries), entertainment and leisure facilities, a shopping complex and hotels. All these amenities are within close proximity to one another and also in the city centre where the main attractions are located. The site is in a flood warning area and therefore due caution must be taken when putting up structures on the site. It is however, very accessible through the excellent public transport links which include bus, train and even cycling routes. The highest traffic volume is recorded by commercial vans and lorries. There is also a short supply of off-street parking as evidenced by fully parked spots at both sides in the surrounding roads. The site also enjoys legal access to the nearby warehouse, Fazeley street properties and also into the cement works. The site also enjoys the public right of way on the canal towpath. The objective is to use the site as a yardstick for the development options it provides. After this, those options will also be appraised financially by using appropriate financial methods. The financial appraisal method selected for this exercise is the traditional residue site value (RSV) budget (Guy 2002, pg. 43). Although financial data has not been provided, this wil l not be a hindrance to a recommendation on which development option is the best for Mr. Brown’s estate. Financial appraisal will be based on factors like finance charges, design period, rental fees, yield, plot ratio, letting