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About Redlandram

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  1. I think the whole article was saying it is hard to value them but ours looks high compared to Hillsbrorough, Villa Park and Reading.
  2. The point is that IF football ceased to be played at Pride Park (not in the Rowett way that football ceased being played at pride Park) then what would be the most likely alternative use with a market value and that would be as a retail park or similar so that is what the valuer has to fall back on. Housing could be possible or an industrial estate but they would probably command no more than say £1 million per acre. My guess is that Pride Park stadium would stand on 10 acres. For accounts a football stadium would be valued differently because it has no open market value so might be valued on depreciated replacement cost - which would provide a higher result but it is not what the open market would pay. Hopefully my logic would baffle Mr Gibson etc.
  3. I am truly sorry for the poor quality of my IT skills which gave you all neck ache, but hope nonetheless the article was of interest and clearly more easily legible for our Antipodean brethren. I think we can characterise it as an Apple/Microsoft interface issue - my pictures always come out upside down. I am indebted to RAM for the legible right way up version and Land Registry extract. I think the crux of the issue is that Mel must have had a valuation undertaken by a reputable firm of Chartered Surveyors with a big professional indemnity insurance policy. Somebody will have franked this so hopefully Mel will be able to say he was just following advice .....as vendor and purchaser. It does still look like a pretty big number.
  4. I am a Chartered Surveyor and have some involvement with football grounds. The attached is an interesting read from today's Property Week. There could be trouble ahead.
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