Comment
Community Infrastructure Levy - Draft Charging Schedule (Nov 2014)
Representation ID: 1792
Received: 12/12/2014
Respondent: Cogent Land LLP (Cogent)
Representation Summary:
BNP have provided their viability appraisals in Appendix 1 of the Viability Study. We have therefore been able to use the appraisal summary of T2 -12 Houses to re-create, as close as possible, the residual land value reported by BNP. In doing so we have used ARGUS Developer appraisal software and incorporated the assumptions set out in Table 1.
We have subsequently used the above RLV as our baseline position for comparison purposes. The results of the sensitivity testing for the alternative assumptions is set out in Table 3: