The Original Manufacturing Base
The established industrial sectors, including areas associated with Phase I and Phase II, contain manufacturing premises used for a range of industrial and commercial activities. Depending on the property, uses may include electronics and electrical goods, auto components, garments and textiles, printing and packaging, plastics and light engineering.
Where a factory building has an older construction vintage, the valuation may need to consider its structural condition, remaining useful life, maintenance history, functional suitability and the cost of necessary repairs or refurbishment.
Valuation principle: Building age alone does not establish the final value. Physical deterioration, functional obsolescence, land rights, permitted use and market evidence must be assessed for the individual assignment.