40 Chelsea Square - Knight Frank

Address
Nature of transaction
40 Chelsea Square Freehold of Grade 2 * house
Lease 24¾ yrs unexpired
1 st and 2 nd Floor
8 Cadogan Square
55/57 Cadogan
Square
32 Rosary Gardens,
Lease extension of 19.4
years unexpired
Freehold reversion on 10
flats 72.156 years unexpired
Freehold reversion on 5 flats
26½ years unexpired
9 Astell Street Freehold of unimproved
house 31¼ years unexpired
Statutory
provisions
s.9(1A)&(1C) of
1967 Act
Schedule 13 of
1993 Act
Schedule 6 of
1993 Act
Schedule 6 of
1993 Act
S.9(1A) & (1C)
of 1967 Act
Valuation date
SUMMARY OF CASES
48
APPENDIX 1
Deferment rates and resulting present Effect of appellant’s deferment rate
Freehold value
freehold value
on valuation by LVT
to be deferred LVT Appellant Respondent Capital Increase in price or
increase in premium resulting
value of from appellant’s
appellant’s
interest
deferment rate
1 April 2003 £11.5m 6%
£2,719,750
17 October 2003 £2.35m 6%
£759,278
28 April 2004 £14,947,832 6%
222,724
23 June 2004 £2,042,510 6¾%
£362,672
25 Sep 2003 £2,037,150 6%
£329,876
4¾%
£3,645,500
4½%
£1,000,865
4½%
£623,325
6%
£436,076
4½%
£514,804
6% £925,750 £473,000
6% £241,587 £113,282
6% £400,601 £309,650
Valuation at
6¾%
although
spoke to
8½%
£73,404 £49,876
No response £184,928 £92,465