your ref: uktn342rd001 ppnl spv b11-1 limited london · st davids lodge, 369 the ridge, hastings,...

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Allsop is the trading name of Allsop LLP, a limited liability partnership, registered in England and Wales with number OC315531,

whose registered office is at: 33 Wigmore Street, London W1U 1BZ. A list of members is available for inspection at this address.

Regulated by RICS. Offices in West End, City, and Leeds.

Property Consultants

Allsop LLP

8th Floor, Platform

New Station Street

Leeds LS1 4JB

T +44 (0)113 236 6677

F +44 (0)113 243 0682

www.allsop.co.uk

Your Ref: UKTN342RD001 31 March 2019 The Directors PPNL SPV B11-1 Limited & PPNL SPV B11 Limited 15 Bishopsgate London EC2N 3AR Dear Sirs, ST DAVIDS LODGE, 369 THE RIDGE, HASTINGS, EAST SUSSEX, TN34 2RB In accordance with your instructions, we have carried out a quarterly desktop valuation of the above mentioned property. On the assumption that there have been no material changes to the property since the original inspection by Dawson Associates in 8 January 2016, we are of the opinion that the bulk investment value of the subject properties is now in the region of £2,355,000 (Two Million Three Hundred and Fifty Five Thousand Pounds). We are of the opinion that the aggregate Market Value of the subject properties with the benefit of vacant possession is now in the region of £2,560,000 (Two Million Five Hundred and Sixty Thousand Pounds). For the avoidance of doubt, Allsop LLP have not undertaken an inspection of this property. Our opinion of value is on a desktop basis and should be regarded as indicative only. We also stress that we accept no liability in providing our opinion, nor does the content of this letter meet the requirements of the RICS Valuation Global Standards. Yours faithfully

ANDREW M HUNT MA PGDIP MRICS (RICS NO 0103294) Partner For Allsop LLP

DL 0113 236 6671 M 07967 829728 E [email protected]

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Allsop LLP

8th Floor, Platform

New Station Street

Leeds LS1 4JB

T +44 (0)113 236 6677

F +44 (0)113 243 0682

www.allsop.co.uk

Your Ref: UKTN342RD001 30 September 2018 The Directors PPNL SPV B11-1 Limited & PPNL SPV B11 Limited 15 Bishopsgate London EC2N 3AR Dear Sirs, ST DAVIDS LODGE, 369 THE RIDGE, HASTINGS, EAST SUSSEX, TN34 2RB In accordance with your instructions, we have carried out a quarterly desktop valuation of the above mentioned property. On the assumption that there have been no material changes to the property since the original inspection by Dawson Associates in 8 January 2016, we are of the opinion that the bulk investment value of the subject properties is now in the region of £2,356,000 (Two Million Three Hundred and Fifty Six Thousand Pounds). We are of the opinion that the aggregate Market Value of the subject properties with the benefit of vacant possession is now in the region of £2,600,000 (Two Million Six Hundred Thousand Pounds). For the avoidance of doubt, Allsop LLP have not undertaken an inspection of this property. Our opinion of value is on a desktop basis and should be regarded as indicative only. We also stress that we accept no liability in providing our opinion, nor does the content of this letter meet the requirements of the RICS Valuation Global Standards. Yours faithfully



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Allsop LLP

33 Park Place

Leeds LS1 2RY

T +44 (0)113 236 6677

F +44 (0)113 243 0682

www.allsop.co.uk

Your Ref: UKTN342RD001 8 March 2017 The Directors PPNL SPV B11-1 Limited & PPNL SPV B11 Limited 71 Queen Victoria Street London EC4V 4AY Dear Sirs, ST DAVIDS LODGE, 369 THE RIDGE, HASTINGS, EAST SUSSEX, TN34 2RB In accordance with your instructions, we have carried out a quarterly desktop valuation of the above mentioned property. On the assumption that there have been no material changes to the property since the original inspection by Dawson Associates in 8 January 2016, we are of the opinion that the bulk investment value of the subject properties is now in the region of £2,356,000 (Two Million Three Hundred and Fifty Six Thousand Pounds). We are of the opinion that the aggregate Market Value of the subject properties with the benefit of vacant possession is now in the region of £2,600,000 (Two Million Six Hundred Thousand Pounds). For the avoidance of doubt, Allsop LLP have not undertaken an inspection of this property. Our opinion of value is on a desktop basis and should be regarded as indicative only. We also stress that we accept no liability in providing our opinion, nor does the content of this letter meet the requirements of the RICS Valuation Global Standards. Yours faithfully



B R A M P T O N S

Chartered Surveyors & Valuers

338 Hook Road • Chessington • Surrey • KT9 1NU

Tel/Fax: 020 8974 1535

Email: [email protected]

D. Ambrose MRICS

5th December 2017

The Directors

PPNL SPV B11-1 Limited and PPNL SPV B11 Limited

71 Queen Victoria Street Ref: DA/val/ B11

London

EC4V 4AY

Dear Sirs,

Re: ST. DAVID’S LODGE, 369, THE RIDGE, HASTINGS, EAST SUSSEX, TN34 2RD

We refer to your recent instructions requesting us to carry out a desk-top valuation of the above

mentioned property.

On the assumption that there have been no material changes to the property since our inspection on

the 6th January 2016, we are of the opinion that the bulk investment value of the subject property is

£2,356,000 (Two Million, Three Hundred & Fifty Six Thousand Pounds)

We are of the opinion that the aggregate Market Value of the subject property with the benefit of

vacant possession is now £2,564,000 (Two Million, Five Hundred & Sixty Four Thousand

Pounds)

We trust that the contents of this letter are satisfactory for your purposes.

Yours faithfully,

D. Ambrose, MRICS

Bramptons

B R A M P T O N S Chartered Surveyors & Valuers


Tel/Fax: 020 8974 1535


D. Ambrose MRICS

14th

September 2017

The Directors



London

EC4V 4AY

Dear Sirs,



mentioned property.

On the assumption that there have been no material changes to the property since our inspection on

the 6th

January 2016, we are of the opinion that the bulk investment value of the subject property is

£2,356,000 (Two Million, Three Hundred & Fifty Six Thousand Pounds)

We are of the opinion that the aggregate Market Value of the subject property with the benefit of

vacant possession is now £2,564,000 (Two Million, Five Hundred & Sixty Four Thousand

Pounds)


Yours faithfully,

D. Ambrose, MRICS

Bramptons

B R A M P T O N S

Chartered Surveyors & Valuers


Tel/Fax: 020 8974 1535


D. Ambrose MRICS

9th Jnne 2017

The Directors



London

EC4V 4AY

Dear Sirs,

Re: ST. DAVID’S LODGE, 369 THE RIDGE, HASTINGS, EAST SUSSEX, TN34 2RD


mentioned property.

On the assumption that there have been no material changes to the property since the original

inspection on 6th January 2016, we are of the opinion that the bulk investment value of the subject

properties is now in the region of £2,356,000 (Two Million, Three Hundred & Fifty Six

Thousand Pounds)

We are of the opinion that the aggregate market value of the subject properties with the benefit of

vacant possession is now in the region of £2,564,000 (Two Million, Five Hundred & Sixty Four

Thousand Pounds)


Yours faithfully,

D. Ambrose, MRICS

Bramptons

B R A M P T O N S Chartered Surveyors & Valuers


Tel/Fax: 020 8974 1535


D. Ambrose MRICS

9th March 2017

The Directors



London

EC4V 4AY

Dear Sirs,



mentioned property.

On the assumption that there have been no material changes to the property since the original

inspection on 6th January 2016, we are of the opinion that the bulk investment value of the subject

properties is now in the region of £2,356,000 (Two Million, Three Hundred & Fifty Six

Thousand Pounds)

We are of the opinion that the aggregate market value of the subject properties with the benefit of

vacant possession is now in the region of £2,564,000 (Two Million, Five Hundred & Sixty Four

Thousand Pounds)


Yours faithfully,

D. Ambrose, MRICS

Bramptons

The Twitten, Udimore road, Broad Oak, East Sussex TN31 6DG

T 01424 882263 | E [email protected] | W www.dawsonsurveyors.com

Regulated by RICS

DAWSON & ASSOCIATES Chartered Surveyors

Chartered Building Consultants

28 November 2016 The Directors PPNL SPV B11 – 1 Limited and PPNL SPV B11 Limited 71 Queen Victoria Street London EC4V 4AY Dear Sirs, Re: Desktop RE-Valuation:

St. David’s Lodge, Hastings, East Sussex TN34 2RD

Thank you for your recent email instructions to undertake a Desktop updated Valuation on the above property, previously inspected by ourselves on 6th January 2016. For the purpose of this valuation the date of valuation is the 28th November 2016. This Desktop Valuation I assumed that the property is in similar/identical condition and layout as to that when inspected on 6th January 2016 and that there has been no material changes. The valuation below is based on the same market valuation, defined as “the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s length transaction after adequate marketing wherein the parties had each acted knowledgeably, prudently and without compulsion”.



Regulated by RICS

We are of the opinion that the aggregate vacant possession value of the units is remains at £2,560,000 (Two million five hundred and sixty thousand pounds). We are also of the opinion that the bulk investment value is £2,352,000 (Two million three hundred and fifty two thousand pounds). The UK has been affected by the instability in the market, possible recent political shifts have had different effects on value dependant on the specific area. My research indicates however that there is no growth in market currently. We trust that we have supplied you with sufficient information but should you have any queries then please do not hesitate to contact this office. Yours faithfully,

Charles Dawson FASI MRICS FCIOB P.PresFFPWS

On behalf of DAWSON & ASSSOCIATES



Regulated by RICS

DAWSON & ASSOCIATES

Chartered Surveyors


22 September 2016 London House Exchange Limited 1 Fore Street London EC2Y 5EJ Dear Sirs Re: Desktop Valuation: St. David’s Lodge, Hastings, East Sussex TN34 2RD

Thank you for your recent email instructions to undertake a Desktop updated Valuation on the above property, previously inspected by ourselves on 6th January 2016. For the purpose of this valuation the date of valuation is the 14th September 2016. As this is a Desktop Valuation, we have assumed that the property is in similar condition and layout as to that when inspected on 6th January 2016 and that there has been no material changes. The valuation below is on the same market valuation basis defined as “the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s length transaction after adequate marketing wherein the parties had each acted knowledgeably, prudently and without compulsion”. On arriving at the valuation we have considered current market conditions, property readily available on the market and recent agreed sales, together with completions.



Regulated by RICS

We are of the opinion that the aggregate vacant possession value of the units is remains at £2,560,000 (Two million five hundred and sixty thousand pounds). We are also of the opinion that the bulk investment value is £2,352,000 (Two million three hundred and fifty two thousand pounds). The UK has been affected by the instability in the market, possible recent political shifts have had different effects on value dependant on the specific area. My research indicates that there is little to no change in market activity in this instance. We trust that we have supplied you with sufficient information but should you have any queries then please do not hesitate to contact this office. Yours faithfully,





Regulated by RICS

DAWSON & ASSOCIATES

Chartered Surveyors


10 June 2016 London House Exchange Limited 1 Fore Street London EC2Y 5EJ Dear Sirs Re: Desktop Valuation: St. David’s Lodge, Hastings, East Sussex TN34 2RD

Thank you for your recent email instructions to undertake a Desktop updated Valuation on the above property, previously inspected by ourselves on 6th January 2016. For the purpose of this valuation the date of valuation is the 9th June 2016. As this is a Desktop Valuation, we have assumed that the property is in similar condition and layout as to that when inspected on 6th January 2016 and that there has been no material changes. The valuation below is on the same market valuation basis defined as “the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion”. On arriving at the valuation we have considered current market conditions, property readily available on the market and recent agreed sales, together with completions.



Regulated by RICS

We are of the opinion that the aggregate vacant possession value of the units is £2,560,000 (Two million five hundred and sixty thousand pounds). We are also of the opinion that the bulk investment value is £2,352,000 (Two million three hundred and fifty two thousand pounds). We trust that we have supplied you with sufficient information but should you have any queries then please do not hesitate to contact this office. Yours faithfully





Regulated by RICS

DAWSON & ASSOCIATES

Chartered Surveyors


27 April 2016 London House Exchange Limited 1 Fore Street London EC2Y 5EJ Dear Sirs Re: Desktop Valuation: St. David’s Lodge, Hastings, East Sussex TN34 2RD

Thank you for your recent email instructions to undertake a Desktop Valuation on the above property previously inspected by ourselves on 6th January 2016. For the purpose of this valuation the date of valuation is the 25th April 2016. As this is a Desktop Valuation, we have assumed that the property is in similar condition and layout as to that when inspected on 6th January 2016 and that there has been no material changes. The valuation below is on the same market valuation basis defined as “the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion”. In arriving at the valuation we have considered current market conditions, property readily available on the market and recent agreed sales, together with completions.



Regulated by RICS

We are of the opinion that the aggregate vacant possession value of the units is £2,503,000(Two million five hundred and three thousand). We are also of the opinion that the bulk investment value is £2,300,000 (Two million three hundred thousand). We trust that we have supplied you with sufficient information but should you have any queries then please do not hesitate to contact this office. Yours faithfully



Property address St David's Lodge, 369 The Ridge, HASTINGS, E Sussex, TN34 2RD

569300ea-4825-42f f-857d-575d10a06256

have a duty to justify making this assumption. However, if the inspection shows that these materials have been used, the surveyor must report this and ask for further instructions.

to investigate further, the surveyor may refer to these in the report (for example, check whether there is a warranty covering replacement windows).

Continued...

569300ea-4825-42ff-857d-575d10a06256

Property address St David's Lodge, 369 The Ridge, HASTINGS, E Sussex, TN34 2RD

569300ea-4825-42f f-857d-575d10a06256

your ref: uktn342rd001 ppnl spv b11-1 limited london · st davids lodge, 369 the ridge, hastings,...

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