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Tudor Properties Ltd and another v Bolton MBC

Series: Rating and Valuation Reporter ; [2000] RVR 94-116(23)Publication details: 2000Subject(s): Summary: LT 18 February 1999. LT 18 February 1999. To determine compensation payable to claimants T,M and W for freehold interest in land compulsorily purchased. Land with planning permission for leisure development in two phases was unused at the date of entry - 28 May 1997. Land was transferred to THI who commenced work on implementation of the permission almost immediately after the general vesting declarations were made on 28 July 1997. The parties agreed that the physical state of the site and its surroundings and the planning policy background as well as the state of the market must be assessed as at 28 May 1997. The site was to be valued with the benefit of planning permission. The council and claimants each submitted two valuations. Detailed submissions on valuations provided. The council put forward valuations of £815,716 for T and £23,027 for M and W based on the 'narrower no scheme world' principle later increased to £1,253,438 and £35,407 respectively and on an alternative 'wider no scheme world' a valuation of £250,000 to cover all claimants' interest was submitted. Claimants' valuations totalled £6,415,000 for T and £172,000 for M and W. Declared that compensation payable to T M and W should be £2,271,388.
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Law report London Journal article ABS62179 (Browse shelf(Opens below)) 1 Available 105772-1001

LT 18 February 1999. LT 18 February 1999. To determine compensation payable to claimants T,M and W for freehold interest in land compulsorily purchased. Land with planning permission for leisure development in two phases was unused at the date of entry - 28 May 1997. Land was transferred to THI who commenced work on implementation of the permission almost immediately after the general vesting declarations were made on 28 July 1997. The parties agreed that the physical state of the site and its surroundings and the planning policy background as well as the state of the market must be assessed as at 28 May 1997. The site was to be valued with the benefit of planning permission. The council and claimants each submitted two valuations. Detailed submissions on valuations provided. The council put forward valuations of £815,716 for T and £23,027 for M and W based on the 'narrower no scheme world' principle later increased to £1,253,438 and £35,407 respectively and on an alternative 'wider no scheme world' a valuation of £250,000 to cover all claimants' interest was submitted. Claimants' valuations totalled £6,415,000 for T and £172,000 for M and W. Declared that compensation payable to T M and W should be £2,271,388.