Bud and Jet Ltd v Warrington BC
Bud and Jet Ltd v Warrington BC
- 2001
- Rating and Valuation Reporter [2001] RVR 22-24(3) .
LT 8 December 1999. The claimant B sought compensation for its leasehold interest in a garage and land south of and adjoining Liverpool to Manchester main line railway and adjoining Allen Street, Warrington which had been compulsory purchased. Claim for the value of the leasehold interest and for loss of profits and disturbance. Three preliminary issues raised: A) length of period the profit should apply; B) whether deductions for head office expenses should be made; C) whether appropriate to take into account future profits. "Held" under the Land Compensation Act 1961 s(2) the compensation payable was the amount which the land if sold in the open market might be expected to reach..
LOSS OF PROFITS
CAPITALISATION
TOTAL EXTINGUISHMENT
COMPENSATION
LEASEHOLD INTEREST
BUD & JET LTD V WARRINGTON BC
LT 8 December 1999. The claimant B sought compensation for its leasehold interest in a garage and land south of and adjoining Liverpool to Manchester main line railway and adjoining Allen Street, Warrington which had been compulsory purchased. Claim for the value of the leasehold interest and for loss of profits and disturbance. Three preliminary issues raised: A) length of period the profit should apply; B) whether deductions for head office expenses should be made; C) whether appropriate to take into account future profits. "Held" under the Land Compensation Act 1961 s(2) the compensation payable was the amount which the land if sold in the open market might be expected to reach..
LOSS OF PROFITS
CAPITALISATION
TOTAL EXTINGUISHMENT
COMPENSATION
LEASEHOLD INTEREST
BUD & JET LTD V WARRINGTON BC