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Castle House Investments Ltd v Bradford MDC [electronic resource]

Language: English Publication details: 2007Subject(s): Online resources: Summary: [2007] EWLands ACQ_6_2006. The case concerned how much compensation was due following a compulsory purchase of commercial property for which, Chartered Surveyors gave expert valuation evidence. A council compulsorily purchased of a block of retail and office/storage units in connection with a proposed city centre regeneration project. The court had to decide: the effect of the proposals on rental values; whether prospects and delays in implementing the impending scheme had impacted negatively on growth; the appropriate rental value in light of this; the yield rate to be applied to capitalise the net rents received and receivable; loss of rental income; appropriate compensation for empty rates; pre-reference costs. Figures provided.
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Law report Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 142160-2001

[2007] EWLands ACQ_6_2006. The case concerned how much compensation was due following a compulsory purchase of commercial property for which, Chartered Surveyors gave expert valuation evidence. A council compulsorily purchased of a block of retail and office/storage units in connection with a proposed city centre regeneration project. The court had to decide: the effect of the proposals on rental values; whether prospects and delays in implementing the impending scheme had impacted negatively on growth; the appropriate rental value in light of this; the yield rate to be applied to capitalise the net rents received and receivable; loss of rental income; appropriate compensation for empty rates; pre-reference costs. Figures provided.