Konduru T/as Warringah Road Family Medical Centre v Roads and Maritime

[2017] NSWLEC 36

NSW Land and Environment Court

Built by Barristers,
For Australian Law.

1. Compulsory Acquisition
2. › valuation of market value using capitalisation of rents
3. › determination of appropriate rental rates per square metre per annum
4. › capitalisation rate agreed by valuers
5. › rents determined
6. › market value thus able to be derived
1. Compulsory Acquisition
2. › costs of relocation of medical practice
3. › additions and alterations to house to adapt for medical practice
4. › costs allowed
1. Compulsory Acquisition
2. › claim for stamp duty for future acquisition of replacement investment property
3. › passive investment
4. › claim rejected
1. Compulsory Acquisition
2. › claim for difference between statutory interest rate and actual bank interest rate
3. › consideration of terms of statutory provisions
4. › clear intention that statutory interest rate is not be applied and not to be considered as the minimum rate subject to upward adjustment
5. › claim rejected