H M Land Registry, Wrea Brook Court, PR4 1TE
Office and premises Decided 7 December 2020 CHG100063921 Cushman & Wakefield - Ben Peers
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 (HM Land Registry) challenged the 2017 RV of £357,500, arguing it was excessive compared to similar properties and seeking reduction to £290,000 based on comparable properties showing greater decreases and the building's lack of air conditioning and commissioning for specific requirements. The tribunal allowed the appeal in part, reducing the RV to £335,250, finding that whilst the comparable properties did not support the full 19% reduction sought, the 6.29% increase in the appeal property was slightly excessive compared to nearby comparables which increased only 3.85-5.15%, and applying an additional 5% allowance for the building's uniqueness to the owner.
Summary generated from the decision text and checked against it. The appellant was HM Land Registry, represented.
Grounds argued
- Comparable assessments (tone)
- Floor area or measurement
- Valuation method
- Evidence
- Settled assessments, Expert report
- Cases cited
- Lotus and Delta v Culverwell; Mears Ltd v Smith; Gardiner & Theobald LLP v David Jackson
- Hearing
- 1 December 2020
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