Skip to main content Skip to footer

Radius Ireland Case Studies

45-47 PEMBROKE ROAD, DUBLIN

45-47 PEMBROKE ROAD, DUBLIN

  • Diminution Valuation for Tenant pursuant to Section 65 of the Landlord & Tenant (Amendment) Act 1980
  • Building Surveyors agreed a common law claim of £515k
  • Landlord’s Diminution Valuation - £515k
  • Claim relates to outmoded offices sold at lease expiry
  • Only market for offices is to significantly upgrade - supercession
  • Property sold at a price in excess of local freehold transactions
  • Diminution Valuation - £Nil
  • Difficult for LL to prove any loss
  • Settlement - £Nil
65 GRAND PARADE, CORK

65 GRAND PARADE, CORK

  • Section 65 for Tenant
  • Landlord’s Claim €833,000
  • Tenant’s Section 65 - €200,000
  • Property outmoded as office accommodation due to:
    • Cellular layout
    • Single glazed windows
    • Poor energy rating
    • No air conditioning
  • Likely to be redeveloped as Leisure use or upgraded offices
  • Therefore large amount of Claim superseded
  • Settlement - €475,000
43/44 PATRICK STREET, CORK

43/44 PATRICK STREET, CORK

  • Section 65 for Tenant
  • Landlord’s Claim €630,000.
  • Tenant’s Section 65 - €190,000
  • Large amount of Landlord’s Claim related to excessive second and third floors
  • Landlord re-let to a temporary tenant at lease expiry, then agreed terms to Holland & Barrett
  • Regardless of condition when vacated the upper floors of no value
  • Settlement - €450,000
Chartered Institute of Arbitrators logo

CIArb exists for the global promotion, facilitation and development of all forms of private dispute resolution around the world to maximise the contribution that dispute resolution practitioners make

 

Paul J Raeburn
BSc (Hons) MRICS DipArb FCIArb

RICS Accredited Mediator

 

Neil Burridge
BSc (Hons) MRICS ACIArb

RICS Registered Valuer

Regulated by RICS logo

"Regulated by RICS" confirms to potential clients that we can be trusted to deliver high standards of service. "Regulated by RICS" conveys a consistent message of confidence and quality to our clients.

Privacy Policy

How we use cookies

Read our Privacy Policy about how this website uses cookies to enhance your browsing experience.