Sold 2004 IRR

English translation: IRR for 2004

13:12 May 2, 2005
English language (monolingual) [PRO]
Bus/Financial - Real Estate
English term or phrase: Sold 2004 IRR
Prime freehold office building located in the heart of Mayfair. It is occupied under a long lease as the new headquarter building of a single blue-chip tenant. Prime location and strong rents, good for future growth prospects.
Economic performance:
Purchase price: £12.1 million
Income Return 4.5% (pre-rent review)
Estimated 10-year IRR: 11%
Sold 2004 IRR: 16%, record market yield
The Question: What does "Sold 2004 IRR" mean, knowing that IRR stands for Investment Return Ratio? Does it mean the Investment return ration for selling this property in 2004?
Thank you in advance!
Waleed Mohamed
United Arab Emirates
Local time: 00:24
Selected answer:IRR for 2004
Explanation:
I'll venture to suggest that "sold 2004 IRR" here basically means "IRR on sales in 2004", that is, "for properties occupied (leased) in 2004". However, since the entire bulding is leased by 1 tenant, there is no need to talk about "properties occupied". For the owner of the bulding "return from sales" would mean "return from leases"
Selected response from:

Alexander Demyanov
Local time: 16:24
Grading comment
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3 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
3IRR for 2004
Alexander Demyanov


Discussion entries: 2





  

Answers


15 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
sold 2004 irr
IRR for 2004


Explanation:
I'll venture to suggest that "sold 2004 IRR" here basically means "IRR on sales in 2004", that is, "for properties occupied (leased) in 2004". However, since the entire bulding is leased by 1 tenant, there is no need to talk about "properties occupied". For the owner of the bulding "return from sales" would mean "return from leases"

Alexander Demyanov
Local time: 16:24
Native speaker of: Native in RussianRussian
PRO pts in category: 3
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