GND F 11-13 CROSSWALL, EC3N 2LY

What was argued and what the tribunal found

The appellant argued that the subject property was negatively affected by a material change of circumstances from the commencement of major demolition and construction works on an adjacent site on 1 October 2017, and that a 17.5% allowance was necessary to reflect the disruption. The Valuation Officer had already reduced the RV by 10%, and the tribunal upheld this allowance as fair and reasonable, finding that the subject property was not as severely affected as the appellant contended (the development site was not confined, an adjacent rather than party wall was affected, and a new lease was taken with no rent reduction despite ongoing works), distinguishing the comparables on which the appellant relied.

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

Grounds argued

• Change of circumstances

Change of circumstances

construction development - demolition and rebuild adjacent site

Evidence

Rents, comparable_properties, Photographs

Hearing

18 February 2021

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