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Greens Motor Holdings Ltd v Preseli Pembrokeshire DC

Language: English Series: Estates Gazette ; (1991) 03 EG 139-144(4)Publication details: 1991Subject(s): Summary: (REF/30/1989) LT 27 March 1990 Reference to determine compensation payable on the compulsory purchase of former motor-car showroom premises used as a supermarket since 1977. Due to the impending compulsory purchase, the rent review for the five years from September 1987, although set in motion, had not been determined. There were five issues in dispute: 1) rental value at rent review date in 1987; 2) rental value at valuation date; 3) capitalisation rate ; 4) allowance for future roof repairs and 5) whether increased recoverable rent resulting from 1987 rent review was compensatable. LT held that a rent of £50,000 would have been agreed at 1987 rent review and by the valuation date in January 1989, the rental value would have been £55,000. A capitalisation rate of 11% was appropriate and a provision of £30,000 for roof repairs should be made. A further sum of £15,000 should be added to reflect the loss of rent, as 1987 rent review was not concluded because of the imminent compulsory
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Item type Current library Call number Copy number Status Barcode
Law report London Journal article ABS43941 (Browse shelf(Opens below)) 1 Available 44379-1001

(REF/30/1989) LT 27 March 1990 Reference to determine compensation payable on the compulsory purchase of former motor-car showroom premises used as a supermarket since 1977. Due to the impending compulsory purchase, the rent review for the five years from September 1987, although set in motion, had not been determined. There were five issues in dispute: 1) rental value at rent review date in 1987; 2) rental value at valuation date; 3) capitalisation rate ; 4) allowance for future roof repairs and 5) whether increased recoverable rent resulting from 1987 rent review was compensatable. LT held that a rent of £50,000 would have been agreed at 1987 rent review and by the valuation date in January 1989, the rental value would have been £55,000. A capitalisation rate of 11% was appropriate and a provision of £30,000 for roof repairs should be made. A further sum of £15,000 should be added to reflect the loss of rent, as 1987 rent review was not concluded because of the imminent compulsory