Shevlin v Trafford Park Development Corporation
Shevlin v Trafford Park Development Corporation
- 1998
- Estates Gazette [1998] 08 EG 161-166(6) .
LT 1 September 1997. S occupied three workshops for a term of seven years subject to an upwards only rent review and traded through a limited liability company. Following the making of a general vesting declaration, T took possession on 25 May 1995 and parties agreed S should receive compensation for total extinguishment of his business. At issue was relevance of RICS Red Book for the valuation of plant and miachinery. "Held" Compensation of £136,526 was awarded.
ACQUISITION OF LAND
COMPENSATION
PLANT AND MACHINERY
RICS APPRAISAL AND VALUATION MANUAL
RICS APPRAISAL AND VALUATION MANUAL
SHEVLIN V TRAFFORD PARK DEVELOPMENT CORPORATION
Valuation
LT 1 September 1997. S occupied three workshops for a term of seven years subject to an upwards only rent review and traded through a limited liability company. Following the making of a general vesting declaration, T took possession on 25 May 1995 and parties agreed S should receive compensation for total extinguishment of his business. At issue was relevance of RICS Red Book for the valuation of plant and miachinery. "Held" Compensation of £136,526 was awarded.
ACQUISITION OF LAND
COMPENSATION
PLANT AND MACHINERY
RICS APPRAISAL AND VALUATION MANUAL
RICS APPRAISAL AND VALUATION MANUAL
SHEVLIN V TRAFFORD PARK DEVELOPMENT CORPORATION
Valuation