Faraday v Carmarthenshire County Council: LT 24 Jul 2003

LT COMPULSORY PURCHASE – compensation – estate agent’s office and general offices above – valuation of freehold – whether direct to freehold value or by capitalising rental value – whether disturbance compensation based on assumed relocation of business or lengthy profit losses followed by total extinguishment of business – whether claimant took reasonable steps to mitigate loss – whether adjustments should be made to accounts of business conducted in freehold premises to reflect property’s rental value when assessing loss of profits incurred prior to acquisition and loss on extinguishment of goodwill – assessment of interest on pre-valuation date losses – compensation of andpound;354,111 awarded, exclusive of certain interest to be agreed or determined.

Citations:

[2003] EWLands ACQ/84/1997

Links:

Bailii

Statutes:

Land Tribunal Act 1949

Jurisdiction:

England and Wales

Land

Updated: 30 June 2022; Ref: scu.225749