Information System Job Description & Summary

School of Civil Engineering and
Surveying
Course: BSc PD Date
Set: 02/02/2020
Statutory Valuations U22405 Lecturer: P
Dempsey Date Due: 27/3/2020
Artefact: Coursework – report Ref:
Objectives:
To consolidate and reinforce material studied during the unit; and build on previously acquired
skills from level 5 (second year) units. Also, to increase an appreciation of how the statutes,
procedures and property valuation methods are applied practically in a working environment
to solve problems and provide sound professional advice to clients.
Task:
A small motor museum is run by a charity, Hay Motor Museum. The museum is staffed by
group of volunteer car enthusiasts. The property is located close to the junction on a busy dual
carriage way, the A303, in Somerset. The museum is housed in a converted industrial
warehouse that has been adapted (with all necessary planning consents) for its present
use. The cost of conversion has been approximately £200,000 as well as a lot of the
volunteers’ own time, which they have given for free. The exhibits have either been donated
or been purchased from the donations and grants the museum has been able to raise over
the years.
The museum building is occupied on a full repairing and insuring lease that was granted for a
term of 15 years from February 2018 with no rent reviews. The landlord, who also owns the
neighbouring industrial park, set the rent a concessionary sum of £5,000 per annum as he has
a keen interest in vintage motor vehicles. The market rent is estimated at £225,500 pa, if let
on a new unfettered FRI lease with 5 yearly upward only rent reviews.
The building is 3,000 sq metres, GIA, and the site has 50% building coverage, with the
remaining space forming a fully surfaced yard which is used for visitor parking and display of
heritage vehicles.
The museum is open to the public and charges an admission fee. Vehicles from the collection
are also hired out for film and TV purposes. Any profits are used to maintain, buy and restore
exhibits.
The property is due to be included in a compulsory purchase order as part of an extensive bypass road construction scheme being undertaken by Highways England. It is expected that
details of the CPO will be published next month. The trustees have had a visit from the
contractors for the new road who are keen to take possession of the property as soon as
possible and have stated that construction work for the new road will commence in four
months’ time and the enabling works will close the nearest junction to the A303 dual carriage
way.
The trust that runs the museum is keen to keep the museum going if at all possible, and has
been searching for premises into which it could relocate. It has found a similar warehouse five
miles away from their present site, in a more rural location. This building has a floor area of
3,750 square metres with an adjoining hard surfaced yard of 3,500 square metres. The
property is available to let at £325,000 per annum or its freehold is for sale at £4 million.
Because of modern regulations concerning disabled access, fire regulations and health and
safety, and the need to do the work quickly using outside contractors, the cost of converting it
is likely to be around £450,000.
Write a report to the trustees of the museum advising them on their likely compensation
entitlement, clearly identifying their heads of claim and how you anticipate calculating and
agreeing figures for each aspect on their behalf.
Further instructions:
 The main text of your summary should be no more than 2,000 words in total, excluding
any supporting documents and evidence that can be incorporated into the appendices and
will not be included in the text word-count;
 You may make any assumptions you consider necessary in order to provide your advice,
but these must be fully reasoned, logical and where appropriate supported by quoted
references or other evidence;
 Refer to the RICS valuation – Global standards 2020, the Red Book, available on the
isurv.com website for guidance on information that should be included in your client report;
 Recommended minimum reference sources are provided below;
 Even with making assumptions, it may not be possible to provide detailed valuation
calculations for all aspects of the claim, but it is necessary to provide clear explanations
on how each element of value is to be ascertained;
 In practice you would not necessarily fully reference everything, but for the purposes of
this academic piece of work, full referencing of all sources is necessary in accordance with
Harvard APA standards and your appendices must include a full reference
list/bibliography;
 Should you have any questions on this work, speak to the unit lecturer at the end of the
lecture/tutorial sessions;
 Work is to be submitted via Moodle, clearly identified with your student ID number;
 See the separate Assignment Marks Sheet for other information on assessment criteria.
Learning outcomes:
On successful completion of this assignment, students will be expected, at threshold
level, to be able to:
1. Present work in a succinct and professional manner in accordance with RICS standards;
2. Correctly identify and explain all relevant statutory law and legal precedent relating to a
specific stated scenario;
3. Ensure advice given to clients is comprehensive and addresses all their rights and options;
and
4. Provide a fully reasoned and calculated solution to a land acquisition problem that is clearly
explained in plain English.
Principal Reading / References:
Barnes, M. and McClymont, K. (2014, February 15) ‘Compulsory calculations’, Estates
Gazette, 76-8.
Barnes, M. and McClymont, K. (2014, February 22) ‘The Cayman effect’, Estates Gazette,
108-9.
Baum, A., Sams, G., Stevens, D., Ellis, J. and Hampson, C. (2007) Statutory Valuations. 4th
edn, London: Estates Gazette.
Blackman, V. (2007, September 15) ‘Mainly for students: the order of the day’, Estates
Gazette, 230-1.
Bowman, J. and Murray, E. (2013, May 4) ‘CPO: powers, procedures and pitfalls’, Estates
Gazette, 96-7.
Bowman, J. and Murray, E. (2013, May 4) ‘CPO: powers, procedures and pitfalls’, Estates
Gazette, 96-7.
Denyer-Green, B. (2013) Compulsory Purchase and Compensation, 10th edn, London:
Estates Gazette.
Department for Communities and Local Government (2004) Compulsory purchase and
compensation booklet 1: compulsory purchase procedure, Online. Available HTTP:
https://www.gov.uk/government/publications?keywords=compulsory+purchase+order+comp
ensation&publication_filter_option=guidance&topics%5B%5D=all&departments%5B%5D=de
partment-for-communities-and-localgovernment&official_document_status=all&world_locations%5B
Department for Communities and Local Government (2004) Compulsory purchase and
compensation booklet 2: compensation to business owners and occupiers, Online. Available
HTTP:
https://www.gov.uk/government/publications?keywords=compulsory+purchase+order+comp
ensation&publication_filter_option=guidance&topics%5B%5D=all&departments%5B%5D=de
partment-for-communities-and-localgovernment&official_document_status=all&world_locations%5B
Department for Communities and Local Government (2004) Compulsory purchase and
compensation booklet 5: reducing the adverse effects of public development mitigation
works, Online. Available HTTP:
https://www.gov.uk/government/publications?keywords=compulsory+purchase+order+comp
ensation&publication_filter_option=guidance&topics%5B%5D=all&departments%5B%5D=de
partment-for-communities-and-localgovernment&official_document_status=all&world_locations%5B
Haines, D. and Calland, T. (2009, January 24) ‘This land is my land – at least for a while’,
Estates Gazette, 97.
Lawes, G. (2013, January 26) ‘What you need to know about CPO’, Estates Gazette, 98-
100.
McKay, V. (2012, August 11) ‘Strengthening the roots of a CPO’, Estates Gazette, 40-1.
Pierce, C. and Young, R. (2014, June 21) ‘Statutory undertakers and compulsory powers’,
Estates Gazette, 76-7.
Royal Institution of Chartered Surveyors (2017) A clear, impartial guide to compulsory
purchase, Coventry: RICS Books
Royal Institution of Chartered Surveyors (2020) RICS Valuation – Global Standards,
Coventry: RICS Books
Royal Institution of Chartered Surveyors (2017) Surveyors advising in respect of compulsory
purchase and statutory compensation, Coventry: RICS Books
Valuation Office Agency (2008) Land Compensation Manual. Online. Available HTTP: