Long-leasehold interests in shop premises in Cambridge acquired for ‘Lion Yard’ redevelopment scheme–Valuation methods–Claimants’ ‘hardcore/marginal’ method of capitalising rentals rejected by tribunal–Rental devaluation of comparables–Yield rates–Point of law on length of notice required to terminate inter-company quarterly subtenancy–Interpretation of section 39 (3) of Landlord and Tenant Act 1954–Tribunal decide 3-months’, and not 6-months’, notice to be assumed–Comments on tribunal’s jurisdiction in respect of interest on surveyor’s fees from date of entry
Alexandre Ltd v Cambridge City Council ; UDS Tailoring Ltd v Same
Long-leasehold interests in shop premises in Cambridge acquired for ‘Lion Yard’ redevelopment scheme–Valuation methods–Claimants’ ‘hardcore/marginal’ method of capitalising rentals rejected by tribunal–Rental devaluation of comparables–Yield rates–Point of law on length of notice required to terminate inter-company quarterly subtenancy–Interpretation of section 39 (3) of Landlord and Tenant Act 1954–Tribunal decide 3-months’, and not 6-months’, notice to be assumed–Comments on tribunal’s jurisdiction in respect of interest on surveyor’s fees from date of entry
