Unit B, Farringdon Business Park, Lower Farringdon, Lower Farringdon, GU34 3DZ
Warehouse and Premises Decided 27 November 2020 CHG100071616 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 argued for an RV of £73,000 (£35/m²) with an additional 7.5% fragmentation allowance for the property being split by two load-bearing walls. The Valuation Officer defended the £101,000 RV (£45/m²) with no fragmentation allowance. The tribunal accepted the VO's base rate of £45/m² as supported by rental evidence from comparable units on the same business park, but allowed a 2.5% fragmentation allowance (rather than the 7.5% sought) based on the existence of two load-bearing walls with openings, resulting in a tribunal RV of £98,000.
Summary generated from the decision text and checked against it. The appellant was Thomas (Hampshire) Limited, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Quantum or end allowance · decisive
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 9 November 2020
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