Benchmark Land Value definition

Benchmark Land Value means six million, five hundred thousand pounds (£6,500,000) "Biodiversity Metric" means Biodiversity Metric 3.0 (JP039) first published by Natural England on 7 July 2021 as amended or replaced from time to time
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Benchmark Land Value means £35,700,000.00 (subject to upwards-only indexation in accordance with [ ])
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Benchmark Land Value means nine million, six hundred thousand pounds (£9,600,000) "Car Club" means a local club operated and managed by an Accredited Car Club Provider
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Examples of Benchmark Land Value in a sentence

  • 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.

  • 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 (EUV) of the site plus an incentive to bring forward land for development taking account of the latest NPPF guidance and the RICS Guidance note, Financial Viability in Planning, 1st edition (Benchmark Land Value).


More Definitions of Benchmark Land Value

Benchmark Land Value means six million, five hundred thousand pounds (£6,500,000) "Build Costs" means actual build costs evidenced by valuation certificates that are provided by an independent certifier "Car Club" means a local club operated and managed by an Accredited Car Club Provider
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Benchmark Land Value means the sum of £1,037,667
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