LT 3 April 1997. The claimants (S) owned the freehold interest of a property which was at the end of a terrace, which included an advertising sign subject to a licence agreement of £2,500pa. In 1988 the property was severely damaged by fire. In 1993 S commenced refurbishment works, but before these were competed L sought compulsory purchase on the property. L then offered the property for sale, in its current condition, and received offers no higher than £20,000. In 1995 the property was destroyed by fire. In claiming compensation for compulsory acquisition, S claimed £120,814, based on the zoning method of valuation; assuming total reconstruction value at the time of the acquisition order, and taking into account reconstruction costs and advertising rights. The council returned a valuation of nil. "Held" Compensation payable at £35,000, being made up of the value of the property for refurbishment and ammended advertising rights valuation.