Get the right information about your entitlements from Australia’s best known law firm
Stage 1 of the Wynnum Road corridor upgrade involves the proposed widening of Lytton Road between Latrobe Street and Canning Bridge from four to six lanes. In October 2014, the Brisbane City Council announced that 38 properties would be compulsorily acquired for the project, with a further 7 properties to be partially acquired.
Slater and Gordon is a national law firm that has expertise in representing affected landowners to ensure they receive all compensation they are entitled to at law. We have already assisted hundreds of people who have had their family homes, business premises or investment properties compulsorily acquired by major projects such as the Gold Coast Light Rail, the Cross River Rail at Yeerongpilly, the Pacific Highway upgrade and the widening of Gympie Road for the Department of Transport’s Busways Program.
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.
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Vincent Butcher of our Compulsory Acquisition team recently spoke to the Property Observer about the Lytton Road property acquisitions
Initial Advice is Cost and Obligation Free
We know people want an understanding of their legal position before they start incurring legal costs. When your land or business interest is compulsorily acquired by a constructing authority you are entitled to have any professional expenses relating to legal, valuation and accounting services paid for by the authority. We can sit down with you and discuss your situation on a no-cost and no-obligation basis.
Affected business owners
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 referrable 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:
Vincent Butcher, is a Practice Group Leader of our compulsory acquisition practice and is one of the most experienced and well regarded compulsory acquisitions in his area. Vincent has over 15 years’ experience representing residents and business owners in compulsory acquisition compensation claims against government departments, dealing with all aspects of the compensation scheme and the rights and protections offered by compulsory acquisition laws.
We would be happy to meet with you in our Brisbane offices, to discuss your circumstances, outline the likely next steps and the services we can provide.