Payne v Kent County Coucil
Payne v Kent County Coucil
- 1986
- Estates Gazette 280 (6308) 1 November 1986 645(3) .
LT 30 September 1986. Reference to determine compensation payable to plaintiff claimant following the compulsory purchase of his interest in land and buildings which comprised a garage business. It consisted mainly of a petrol-filling station with a small showroom and workshop and a small cafe business. The land was required for highway purposes. It was agreed that when valuing the subject premises it should be assumed that any prospective purchaser would anticipate demolition of existing buildings and redevelopment .The main point at issue concerned the appropriate value to be attached to the volume of sales likely to be achieved after redevelopment. The claimant`s valuer took the view that the site would be attractive to an oil company which would provide modern facilities for the sale of motor fuel with sales shop and fast-food outlet, and that any purchaser could expect to achieve sales of not less than 2 million gallons a year at 1.5 gallons to 1 on capital value basis to give a
GARAGES
Valuation
LT 30 September 1986. Reference to determine compensation payable to plaintiff claimant following the compulsory purchase of his interest in land and buildings which comprised a garage business. It consisted mainly of a petrol-filling station with a small showroom and workshop and a small cafe business. The land was required for highway purposes. It was agreed that when valuing the subject premises it should be assumed that any prospective purchaser would anticipate demolition of existing buildings and redevelopment .The main point at issue concerned the appropriate value to be attached to the volume of sales likely to be achieved after redevelopment. The claimant`s valuer took the view that the site would be attractive to an oil company which would provide modern facilities for the sale of motor fuel with sales shop and fast-food outlet, and that any purchaser could expect to achieve sales of not less than 2 million gallons a year at 1.5 gallons to 1 on capital value basis to give a
GARAGES
Valuation