11:01 AM, 29th June 2015, About 7 years ago 4
I have a property that I was renting out in the North East.The Local Authority then decided they were going to redevelop the area and started buying up properties and boarding them up. They offered me a very low sales value based on market value but as by this time the area looked like ” Beirut ” I objected on the grounds that they had blighted the area and of course the market values had gone down as a result of their actions.
I now have a property that I can’t sell at a realistic price or get any tenants due to the state of the area.
To add insult to injury the Local Authority want to add a 150% loading to the rates bill as it is a “long term empty” property.
Can anyone offer me advice as to the best way forward?
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