38, NEW GEORGE STREET, PL1 1RW
Shop and premises Decided 4 December 2020 CHG100075464 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, a retail company occupying a shop on New George Street, Plymouth, challenged the RV of £73,500. The appellant's valuer argued the ITZA rate should be £700 per m2 based on the passing rent (adjusted for stepped payments and rent-free periods) and comparable properties showing a sliding scale of values along the street, reflecting reduced demand away from the nearby Drakes Circus Shopping Centre. The Valuation Officer's comparables supported £1,000 per m2. The tribunal allowed the appeal, finding that the comparables 44 and 42 New George Street (with ITZA rates of £648 and £720 per m2 respectively) supported a rate of £700 per m2, and that a sudden drop from £1,000 to £500 per m2 was unreasonable.
Summary generated from the decision text and checked against it. The appellant was Clubsport Skechers Ltd, represented.
Grounds argued
- Comparable assessments (tone)
- Zoning or layout
- Rental evidence
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 10 November 2020
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