Depending upon the type of property, the reason it is owned and the use to which it is put, valuations may need to be of the property in its Existing Use rather than taking into account potential alternative uses.
In the case of specialist purpose built buildings such as medical premises, the valuation may be of the Depreciated Replacement Cost which is an assessment of the cost of construction with allowance made for obsolescence, wear and tear.
We shall continue to use Symonds & Sampson for any land agency work with our smallholding and appreciate the complete facilities the firm can provide.
Many thanks for providing this helpful information and the informal valuation to our solicitors Ramsdens. I appreciate you doing this so promptly and at such short notice.
Many thanks for your expertise in sorting this compensation package