000			02037cam a2200289 4500
001			ABS66420
008			030305n2003 000 0 eng u
035			_a(Sirsi) u121525
245			_aRyde International plc v London Regional Transport
260			_c2003
490			_aRating and Valuation Reporter _v[2003] RVR 49-60(12)
520			_aLT 4 December 2002. The claimant company (R) sought compensation for the freehold interest in a block of flats and five bungalows. The property had been constructed by R as sheltered accommodation in 1988. In 1989 the units were offered in the open market but no sales were finalised and lettings were made on short term tenancies. In 1991 the acquiring authority's scheme made evident that the property would be compulsorily purchased. It was agreed that without the scheme, the development would have been sold by 25 March 1993 and any holding costs would be calculated from that date. Possession was taken on 8 August 1997 which was the valuation date for compensation purposes. "Held, the acquiring authority must make an interim payment of compensation to R under the Land Compensation Act 1961 s5-rule-2 in the sum of £2 060 000 and the loss of profits element as an item of disturbance under rule-6 to be deferred for further submissions. (For preliminary LT decision see Abs63843). View judgment at www.courtservice.gov.uk.
590			_aABS
650			_aRYDE INTERNATIONAL PLC V LONDON REGIONAL TRANSPORT
650			_aSHELTERED HOUSING
650			_aREPAIR COSTS
650			_aREFURBISHMENT COSTS
650			_aHOLDING COSTS
650			_aMANAGEMENT COSTS
650			_aOPEN MARKET VALUE
650			_aBLIGHT
650			_aLAND COMPENSATION ACT 1961 S5-RULE-2
650			_aLAND COMPENSATION ACT 1961 S5-RULE-6
690			_aENVIRONMENTAL AND LAND CONSULTANCY-PLANNING AND DEVELOPMENT-COMPULSORY PURCHASE AND COMPENSATION
856			_uhttps://www.landstribunal.gov.uk/judgmentfiles/j38/ACQ-147-2000.pdf _zView this item at www.landstribunal.gov.uk
942			_n0
999			_c72228 _d72228