000			01930cam a2200241 4500
008			031110n2003 000 0 eng u
035			_a(Sirsi) u124271
245			_aCorton Caravans and Chalets Ltd v Anglian Water Services Ltd
260			_c2003
490			_aRating and Valuation Reporter _v[2003] RVR 323-344(22)
520			_aACQ/19/2001, 25 June 2003. Concerned with the amount of compensation payable to claimant (C) by acquiring authority (A). Only part of the land was subject to a compulsory purchase order. C put forward two valuations using the residual basis of valuation of land assuming that the land would have been used for timeshare development. Valuation A was made under the Land Compensation Act 1961 s5 rule 2 based on the assumption that the hypothetical willing seller had all the characteristics of the claimant and was in the same factual positions whilst valuation B assumed that under the willing seller did not have the factual characteristics of the claimant. C's also produced an alternative valuation for use of land as a caravan park if the timeshare option was not accepted. A assessed the open market value of the land at £170 000. LT held that land should be assessed as a caravan site. £182 500 compensation awarded to C with interest at the standard rate. View decision at www.courtservice.gov.uk
650			_aCORTON CARAVANS AND CHALETS LTD V ANGLIAN WATER SERVICES LTD
650			_aCOMPENSATION
650			_aHOLIDAY VILLAGES
650			_aTIMESHARE PROPERTY
650			_aRESIDUAL VALUATION
650			_aValuation _96273
650			_aLOSS OF PROFITS
650			_aLAND COMPENSATION ACT 1961 S5-RULE-2
690			_aENVIRONMENTAL AND LAND CONSULTANCY-PLANNING AND DEVELOPMENT-COMPULSORY PURCHASE AND COMPENSATION
856			_uhttps://www.courtservice.gov.uk/tribunals/lands/decisions/acq-19-2001.pdf _zView the decision on the Court Service website...
942			_n0
999			_c73763 _d73763