Radius Leisure Case Studies


FORMER NIGHTCLUB, BECKET STREET, DERBY


  • Section 18 valuation on behalf of Landlord
  • Landlord’s Claim - c.£320,000
  • Tenant’s offer - £50,000 in the hope the matter ‘would go away’ - claimed properties had no market
  • Landlord left with no option other than to obtain S.18 valuation to resolve claim
  • Section 18 valuation on behalf of Landlord - £240,000 - £250,000
  • Large part of properties were listed - therefore items of disrepair had significant impact on Landlord’s reversionary value
  • Accepted much of internal work likely to be superseded by new tenant’s fit



Paul J Raeburn BSc (Hons) MRICS DipArb FCIArb 
RICS Accredited Mediator
 
Neil Burridge BSc (Hons) MRICS ACIArb
RICS Registered Valuer

RICS Registered Valuer
Regulated by RICS
Chartered Institute of Arbitrators