000			02075cam a2200265 4500
001			ABS62179
008			000000n2000 000 0 eng u
035			_a(Sirsi) u105772
245			_aTudor Properties Ltd and another v Bolton MBC
260			_c2000
490			_aRating and Valuation Reporter _v[2000] RVR 94-116(23)
520			_aLT 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.
590			_aABS
650			_aTUDOR PROPERTIES LTD; C N MCGRATH AND N D WALSH V BOLTON MBC
650			_aCompulsory purchase _96228
650			_aCOMPENSATION
650			_aFREEHOLD INTEREST
650			_aVALUATION METHODS
650			_aPLANNING PERMISSION
650			_aLEISURE DEVELOPMENT
650			_aCOMPARABLES
650			_aRESIDUAL METHOD
690			_aENVIRONMENTAL AND LAND CONSULTANCY-PLANNING AND DEVELOPMENT-COMPULSORY PURCHASE AND COMPENSATION
942			_n0
999			_c63340 _d63340