The valuation of upstairs commercial property with direct access to ground floor level based on the principle in Stokes v Cambridge

Abstract

This technical note explains the principle for the valuation of exclusive access in Stokes v Cambridge; identifies the difficulties in the valuation of upstairs commercial property with direct access to ground floor level in Hong Kong; analyses in detail how the principle established in Stokes v Cambridge may be used in the valuation of upstairs commercial property with direct access to ground floor level; and identifies the issues, if any, in applying the Stokes principle for the valuation of such kind of property.