A valuation basis assuming the business or property continues to trade and operate as at present, capturing the value of an operating enterprise rather than bare bricks and mortar.
Related terms
- Gross development value (GDV)
The total expected sales or capital value of a completed development.
- Hardcore and top-slice method
An investment technique that splits income into a secure base layer (hardcore) and a riskier layer above it (top-slice), applying different yields to each to v…
- Income approach
Valuing an asset by capitalising or discounting the income it produces.
- Insurance reinstatement value
The estimated cost of rebuilding a property to its existing condition following total loss, including demolition, professional fees, and inflation over the reb…
- Investment value
The value of an asset to a specific owner, given their particular circumstances and assumptions.
- Market rent
The estimated rent at which an interest would let on the valuation date between willing parties on appropriate lease terms in an arm's-length transaction; the…
- Market value
The estimated price an asset would fetch in an arm-length transaction on the valuation date.
- Marriage value
The uplift when combining interests or adjacent sites is worth more than the sum of the parts.