site value of land means the capital amount that an estate of fee simple in the land might reasonably be expected to realize upon sale assuming that any improvements to the land, other than merged improvements, had not been made and, in the case of land that is reserved for a public purpose, assuming that the land may continue to be used for any purpose for which it is being used or could be used at the date of valuation;
site value means the price which the fee simple of the hereditament if sold at the time the site value is being ascertained in the open market by a willing seller might be expected to realise if the hereditament were divested of any buildings and improvements including fixed or attached machinery which are appurtenant to or used in connection with any such buildings; and in the case of a developer divested of improvements done by him such improvements being excluded from the site value until the land is transferred or a building is erected thereon;
site value means:
(i) In the case of non-rural land, site value under the Land Valuation Act 2010; or
(ii) In the case of rural land, the unimproved value of the land under the Land Valuation Act 2010;
More Definitions of site value
site value means, subject to subsection (3), the capital sum which the fee simple might be expected to realise if offered for sale on such reasonable terms and conditions as a bona fide seller would require;
site value of land means the capital amount that an estate of fee simple in the land might reasonably be expected to
site value of land means the capital amount that an estate of fee simple in the land might reasonably be expected to realize upon sale assuming that any improvements to the land, other than merged improvements, had not been made and, in the case of land that is reserved for a public
site value of land, means the sum which the land, if it were held for an estate in fee simple unencumbered by any lease, mortgage or other charge, might in ordinary circumstances be expected to realise at the time of the valuation if offered for sale on such reasonable terms and conditions as a genuine seller might be expected to require, and assuming that the improvements (if any) had not been made;
site value. , in relation to property, means the value of the property excluding the value of improvements;
site value has the meaning set out in Schedule 8 [Payments];
site value has the meaning set out in the Project Agreement;