LT RATING – valuation – local authority leisure centres – method of valuation – shortened profits basis rejected – contractor’s basis adopted – simple substitute building – size and content – utilisation – allowances for under-utilisation rejected – constraints on local authority finance – effect on hypothetical rent – whether justifying stage 5 allowance – held evidence did not show allowance appropriate – assessments reduced.
Citations:
[2001] EWLands RA – 16 – 1999, [2001] EWLands RA – 17 – 1999
Links:
Jurisdiction:
England and Wales
Rating
Updated: 22 August 2022; Ref: scu.225674