Valuing a petrol filling station
Valuing a petrol filling station
- 1989
- EGCS 1989 123 .
In Mayplace Garage (Bexleyheath) Ltd v Bexley LBC , LT 24 July 1989, the claimant sought £500,000 as compensation for a petrol filling station included in a compulsory purchase order. This figure was higher than the figure arrived at by the acquiring authority. The issues in dispute were future gallonage, capital value of the potential of the estimated gallonage, redevelopment costs and the method of apportioning the value of the combined site.
Valuation
In Mayplace Garage (Bexleyheath) Ltd v Bexley LBC , LT 24 July 1989, the claimant sought £500,000 as compensation for a petrol filling station included in a compulsory purchase order. This figure was higher than the figure arrived at by the acquiring authority. The issues in dispute were future gallonage, capital value of the potential of the estimated gallonage, redevelopment costs and the method of apportioning the value of the combined site.
Valuation