2ND FLR, 13-14 CORK STREET, W1S 3NS
Office and premises Decided 12 March 2021 CHG100073938 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 contended that the rated value of £84,500 (£625 psm) was excessive and sought reduction to £75,000 (£557 psm) based on adjustments to the 2016 lease renewal rent using historical growth trends. The tribunal found that comparable evidence from a new letting on the 3rd floor of the same building, effective 1 August 2015 and passing £84,500, was more reliable than the appellant's calculated adjustments, being a new letting closer to the AVD. The tribunal dismissed the appeal and confirmed the rateable value of £84,500.
Summary generated from the decision text and checked against it. The appellant was Habro Properties, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC)
- Hearing
- 17 February 2021
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