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- Accepted much of internal work likely to be superseded by new tenant’s fit
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Paul J Raeburn
BSc (Hons) MRICS DipArb FCIArb
RICS Accredited Mediator
Neil Burridge
BSc (Hons) MRICS ACIArb
RICS Registered Valuer
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