Telegraph Service Stations Ltd v Trafford BC and Another
Telegraph Service Stations Ltd v Trafford BC and Another
- 2000
- Rating and Valuation Reporter [2000] RVR 356-364(9) .
LT 24 May 2000. The claimants T sought compensation of £2,937,000 for the freehold interest in a petrol filling station with ancillary facilities. Trafford BC (Y) valued the premises at £1,035,572. The agreed valuation date 3 July 1995 and disturbance compensation was agreed at £20,000. Both parties agreed that the comparison method should be used and that the key factor of such a valuation was the adjusted level of throughput or core volume. The points at issue were: the use of comparables; the trading years for determining throughput; if any reduction should be made for potential competition from a planned rival; the percentage reduction to be taken to reflect T's pricing policy; whether the valuation should be determined by the capital or rental value per gallon; and if the redevelopment of the service station was commercially viable. "Held": the compensation payable was £1,753,375, based on the capital value method.
COMPARABLES
COMPENSATION
JELSON LTD V BLABY DC
PETROL FILLING STATIONS
SERVICE STATIONS
TELEGRAPH SERVICE STATIONS LTD V TRAFFORD BC
THROUGHPUT
Valuation
LT 24 May 2000. The claimants T sought compensation of £2,937,000 for the freehold interest in a petrol filling station with ancillary facilities. Trafford BC (Y) valued the premises at £1,035,572. The agreed valuation date 3 July 1995 and disturbance compensation was agreed at £20,000. Both parties agreed that the comparison method should be used and that the key factor of such a valuation was the adjusted level of throughput or core volume. The points at issue were: the use of comparables; the trading years for determining throughput; if any reduction should be made for potential competition from a planned rival; the percentage reduction to be taken to reflect T's pricing policy; whether the valuation should be determined by the capital or rental value per gallon; and if the redevelopment of the service station was commercially viable. "Held": the compensation payable was £1,753,375, based on the capital value method.
COMPARABLES
COMPENSATION
JELSON LTD V BLABY DC
PETROL FILLING STATIONS
SERVICE STATIONS
TELEGRAPH SERVICE STATIONS LTD V TRAFFORD BC
THROUGHPUT
Valuation