115A Normandale Road 115a Normandale Road | Page 28

MORTGAGE RECOMMENDATION It is considered that this property provides adequate security up to normal lending margins. DISCLAIMERS, LIMITATIONS AND QUALIFICATIONS This valuation has been completed for the purpose expressed herein, no responsibility is accepted in the event of this report being used for any other purpose or by any other party than to whom it is addressed. Should any other party wish to use or rely upon this report for any purpose they must first obtain our written consent. The publication of this report, in whole or in part, is prohibited without the written approval of the Valuer. The copyright of this report at all times remains the property of Valuers Inc. This report may not be assigned to a third party without the express consent of the owner of the copyright. This report does not constitute a boundary survey and survey pegs have not been located. It is assumed that the property is built within the legal boundary. This report is not a site, structural, or engineering survey. No responsibility will be accepted for any site, building or services defect without such surveys being specifically requested and undertaken. In particular any issues which ensue from water tightness defects are specifically excluded. In addition it is assumed that any additions and alterations have been undertaken in accordance with necessary building consents and also, the property meeting all National building code requirements with no outstanding requisitions thereon. Except where specifically noted within this report, it is assumed that the building has been properly designed and built, that there are no latent defects which could result in the building ceasing to be watertight, that where the building has been built after 1991, it complies with the Building Act and Building Regulations 1992, and where the building has been built after July 2004 that it complies with the Building Act 2004. A copy of the Land Information Memorandum relating to the subject property has not been sighted, and it is assumed that there be no outstanding requisitions from the Local Authority in respect of either the land or improvements thereon. Should there be any onerous requirements imposed by the Local Authority against either the land or building improvements, we reserve the right to reassess the market value recommendation herein. Page 13 of 15 115a Normandale Road Normandale Lower Hutt