Northconnex is a proposed 9km tunnel linking the M1 Pacific Motorway at Wahroonga and the M2 Motorway at West Pennant Hills. In March 2014, the State Government announced that 52 commercial, industrial and residential properties would be compulsorily acquired for the project.
Slater and Gordon is a national law firm that has expertise in representing affected landowners to ensure that they receive all the compensation they are entitled to. We have assisted a hundreds of people whom have had their family homes, business premises or investment properties compulsorily acquired.
Some of the projects we have worked on include the upgrade of the Pacific Highway, the South West Rail Link, the North West Rail Link, Sydney City Light Rail, the East Coast Railway in the Hunter Valley, Country Energy’s Infrastructure Program upgrade and the upgrade of Transgrid in Central Western New South Wales. We consistently have achieved significantly better outcomes for clients to that of the initial offers made by Government.
Our experience has shown that with the right advice the amount of compensation obtained is often considerably higher than first offered. It is important that those affected obtain expert advice about their entitlements. The moment your land is impacted by a compulsory acquisition process you may be able to trigger your entitlement to compensation. It is important that you know where you stand.
We know people want an understanding of their legal position before they start incurring legal costs. When your land or business interest is to be acquired by a government you are entitled to have any professional expenses relating to legal, accounting and valuation services paid for by the government. We can sit down with you and discuss your situation on a no-cost and no-obligation basis. Alternatively, if you’d like to read more about your legal rights when it comes to land acquisition, we can send you an information pack.
We know that as a business owner any land acquisition of your premises can have wide-ranging consequences, whether you are a leaseholder or own the freehold. You are faced with the difficult dilemma of relocating a business that might have been established for many years, finding a replacement site, grappling with advertising when your business may have previously been able to operate without it and fitting out new premises - among many other concerns. For you any compensation must take account not only of the value of your land, but the value of any business lost through the acquisition.
It may be very difficult and time-consuming task to locate a suitable alternative site for your business. Given that any compensation for your land must be referable to the market value as at the date of any acquisition, it is in your interests to commence looking for alternative properties as soon as the prospect of acquisition arises, because the cost of land in commercial hubs can fluctuate rapidly over short periods of time– so the closer in time to the acquisition you are able to find an alternative property, the better position you will be in. We can advise you on the best commercial strategy to adopt whether you have a leasehold or freehold.
Here at Slater and Gordon we have many years’ experience assisting clients with compulsory acquisitions.
We would be happy to meet with you in our offices or meet at your property, to discuss your circumstances, outline the likely next steps and the services we can provide.