Please explain why the assumptions sheet has an OMV (Open Market Value) of £588/ft2 but in the detail data sheets £810/ft2 is used. As part of the explanation, provide the calculation/formula that leads to this difference
Council has provided details of the assumptions and summaries of the viability appraisals that have been undertaken. The Council is not going to release any further information on the viability analyses.
Note that the assumptions sheet sets out the values obtained by the Council in November 2014. These have been uplifted for the appraisals to account for the time of property sales in several years hence.
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