UNITS 2-3,, THE FARADAY CENTRE,, FARADAY ROAD,, FARADAY ROAD,, RH10 9PL
Warehouse and Premises Decided 14 December 2020 CHG100071568 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 a reduction from £180,000 to £155,000 based on rents passing on the subject property analysed at £72.50 per m², arguing the VO's £80 per m² rate was excessive. The tribunal found the passing rents on the two separate units held little weight but concluded that comparable properties demonstrated the £80 per m² rate was reasonable. However, the tribunal accepted that a further 2.5% allowance was warranted for disadvantages including restricted loading bay access and lower eaves height, resulting in a reduction to £166,500.
Summary generated from the decision text and checked against it. The appellant was Allport Cargo Services Ltd, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 2 December 2020
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