Singh & Kaur v Leeds CC
Singh & Kaur v Leeds CC
- 1998
- Rating & Valuation Reporter [1998] RVR 230-241(12) .
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.
ADVERTISING BOARDS
ADVERTISING RIGHTS
COMPARABLE RENTS
COMPULSORY ACQUISITION
LICENCE AGREEMENTS
MARKET VALUE
Refurbishment
SINGH AND KUAR V LEEDS CC
VALUATION METHODS
ZONING METHOD
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.
ADVERTISING BOARDS
ADVERTISING RIGHTS
COMPARABLE RENTS
COMPULSORY ACQUISITION
LICENCE AGREEMENTS
MARKET VALUE
Refurbishment
SINGH AND KUAR V LEEDS CC
VALUATION METHODS
ZONING METHOD