3RD F 11-13 CROSSWALL, EC3N 2JY

What was argued and what the tribunal found

The appellant sought a 17.5% reduction to reflect disruption from adjacent demolition and construction works that commenced in October 2017. The Valuation Officer had conceded a 10% allowance. The tribunal dismissed the appeal, finding that the 10% allowance was fair and reasonable. Although the development was substantial and nearby, the tribunal considered that the property did not share a party wall with the demolished building, the site was not congested so disturbance was contained, constraints from the discovery of Roman Wall remains meant more care was taken, and a new lease was let in December 2017 without rental reduction, suggesting the market impact was limited. Comparable evidence for 17.5% allowances related to properties with two separate MCCs and were therefore not directly comparable.

Summary generated from the decision text and checked against it. The appellant was Ameresco Ltd, represented.

Grounds argued

• Change of circumstances · decisive

Change of circumstances

construction works and development - demolition and building works

Evidence

Expert report, Photographs, Settled assessments

Cases cited

Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC)

Hearing

18 February 2021

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