Gateway Resort, Yarrawonga, Northern Territory

This property was valued for mortgage purposes and involved separate ground leases and separate lease for improvements which were to be constructed on the site. Our valuation brief included providing:

• Current market value with vacant possession
• Market value subject to the lease on an “As If Complete” basis
• Market value “As If Complete” on a vacant possession basis
• An Alternate Use value
• An Insurance value

Calculations included direct comparison approach for the valuation of the land and a discounted cash flow over the term of the lease which was checked using a capitalisation of net income approach.

Mercure Inn Portfolio, Katherine, Alice Springs and Kununurra

These three (3) hotels were valued for balance sheet purposes. For balance sheet purposes as part of a national portfolio of Mercure Inns. The valuations involved:

• Full analysis of business trading over a 3 year period
• Detailed analysis of hotel market in the Northern Territory
• Discounted cash flow projected over 5 years
• Capitalisation approach of net income
• Analysis of comparable sales
• Relevant comments relating to GST and its affect on the property on both rental and market value terms.

Cascom Centre, Casuarina, Northern Territory

Colliers have been involved in valuing the Cascom Centre over the previous 2 years. This centre is one of the largest commercial centres within the Northern Territory and comprises five (5) separate commercial buildings.

Valuation calculations and services included:

• Estimated value from an initial yield basis
• Estimated value from a reversionary yield basis
• Estimated value from a discounted cash flow approach over a 10 year period
• Provide detail market analysis of Northern Territory and Australian commercial property markets
• Provide comments in relation to passing rents and market rents
• Estimate annual gross rates and vacancy rates for the centre

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