![[2023] UKUT 153 (LC)](https://backend.juristeca.com/files/emisores/logo_lnJS4Uj.png){kind=logo}
Temporary closure
Temporary closure
The claimant stopped trading from the reference property on 15 November 2015 and their interest in it was acquired on 17 November 2015. Trading is understood to have commenced from the relocation property on 1 July 2016. Following negotiations between the parties, the following heads of claim have been resolved:
£131,618.85 in respect of relocation, strip out of unit and general costs.
£11,618.10 under the head of pre-reference professional fees.
Statutory occupier’s loss payment in the sum of £1,760.00.
The temporary loss of profit suffered by the claimant as a result of relocation is not agreed.
- Heading
- Introduction
- The facts
- The reference property (18 Charter Place)
- The plan below shows the layout of the reference property
- The Scheme
- Temporary closure
- The relocation property (23/24 Intu Watford)
- Break and rent free regrant
- The legal framework
- The claim
- Accounting evidence
- Assessment of temporary loss of profit
- Discussion of temporary loss of profit
- Valuation expert evidence
- Value for money?
- Relocation options
- The deal for the lease of the relocation property
- Comparison of reference and relocation properties
- Conclusions