BST & GRD FLRS 2,, LOWER GROSVENOR PLACE,, SW1W 0EJ
Surgery and Premises Decided 26 November 2020 CHG100061599 Altus Group - Oakland - Manchester
Figures are as stated in the decision; a dash means the document does not state that figure.
What was argued and what the tribunal found
The appellant sought to reduce the RV from £38,250 to £30,750 based on rental evidence of £26,000 pa from 2013 and a proposed £m2 of £680, arguing the subject property occupied a poorer retail position due to the Nova retail development. The tribunal found that while comparable rental evidence in Lower Belgrave Street showed a range from £648-£907/m2, the subject property's location in Lower Grosvenor Place was less prominent due to the intervening development affecting footfall, warranting a lower valuation than the comparables. The tribunal altered the base rate from £850 to £800 per m2, resulting in a tribunal RV of £36,000.
Summary generated from the decision text and checked against it. The appellant was The Beresford Clinic, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 29 October 2020
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