Land Value Sample Clauses

Land Value. The Land was valued as of the commencement date of the Agreement at NIS 982,811.71.

Land Value. Following various appeal cases it is well established that viability assessments are carried out in order to calculate the residual land value that the scheme can afford which is then compared to the existing use value, or alternative use value of the site.

Land Value the land edged red on the plan attached at Appendix 2 will be valued by the [District Valuer/independent valuer] and the share of revenue/capital receipts will reflect the both the capital contribution and value of land contributed by WG.

Land Value. The value of the land to be purchased by Purchaser has been determined by the Appraisal Report of ▇▇▇▇▇ & Company, dated February 24, 2023 (the “Appraisal,” Attachment B). The value is appraised at $24.62 per square foot or $118,510. The balance due from Purchaser to CBJ is $118,510 (One Hundred- Eighteen Thousand, Five Hundred Ten Dollars).

Land Value. The Aggregate Land Value for a particular strata will be as set out in the following table. Increase of Prepayments. There will be no increase in Prepayments prior to the first anniversary of the Effective Date, whereupon the Prepayment will increase by 5%, and will increase in every month thereafter by 0.41% (compounded) until the fifth anniversary of the Effective Date.

Land Value. The term “

Land Value. Following various appeal cases it is well established that viability assessments are carried out in order to calculate the residual land value that the scheme can afford which is then compared to the market value of the site (Benchmark) taking account of The RICS Guidance note, Financial viability in planning, 1st edition. The applicant has provided a Benchmark Land Value of £9,294,000 This includes for the following: 1) Properties surrounding the Bargate Centre - £6,595,000 20% Premium uplift - £1,319,000 Total £7,914,000 2) The Bargate Shopping Centre Although the centre is vacant GLH have assessed its valued based on a refurbishment - £1,380,000 We have reviewed all the evidence provided and undertaken our own research as to rental values and yields for these types of properties in the city and are of the view that the base values adopted are not unreasonable. However in addition to the base values GLH have added a premium of 20% on the surrounding properties as an incentive for the owner to sell. We are unclear as to the current ownership position of these properties and at this stage have not included any incentive above the market value of these commercial properties. However this needs to be discussed further with GLH. We have adopted a benchmark land value at this stage of £7,975,000 ▇▇ ▇▇▇▇▇ have assessed the all private 152 unit residential scheme, ground rents, student accommodation of 451 beds, 31 retail units and a 102 space car park and concluded that it is not viable since it shows a negative land value of approx £4,500,000. The assessment includes for CIL/106 of £2,680,000. We have also assessed the scheme as detailed above and our appraisal included as appendix 1 shows a nominal land value of £110,000 and is not viable against our benchmark land value in its current form. Although both parties agree that the scheme is not viable there are still a number of differences as follows:  Contingency – We have adopted 5% whilst GLH have included a total of 10%  Finance – We have adopted 6.5%/2% whilst GLH have used 7%/1%  Profit – We have adopted 15% on the Student accommodation whilst GLH have used 20%  Benchmark Land Value – We have adopted £7,975,000 whilst GLH have used £9,294,000. In addition we still have queries in respect of the miscellaneous costs of £900,000. Clearly at the present time both parties are showing the scheme as unviable to varying degrees but due to the figures shown we above must question the deliverability and sustain...

Land Value. “Land Value” is determined by the City annually based upon the appraised market value of raw acreage that has imminent development potential.

Land Value. Following submittal of the Financial Plan, Agency and Brookfield shall negotiate and agree upon the land value of the Site for the Residential Improvements in the time set forth in the Schedule of Performance.