Special purchaser definition
Special purchaser means a buyer who has a special reason for paying more than the market value, for instance if the land is adjoining their existing property or provides the only viable option to a buyer in relation to the project or scheme they are pursuing which requires them to acquire the land.
Special purchaser. - means a person or organisation approaching the Authority, like an adjacent owner or sitting tenant, who seeks to purchase land owned by the Authority and which has not been declared surplus.
Special purchaser means a particular buyer for whom a particular asset has a special value because of advantages arising from its ownership that would not be available to other buyers in the market.