BLOCK B RHOPOINT HOUSE,, IMBERHORNE LANE,, RH19 1QZ
Warehouse and premises Decided 21 December 2020 CHG100083581 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 hybrid warehouse and office unit, argued that relativities for the ground floor should be adjusted and a 10% end allowance applied to reflect high office content, seeking a revised RV of £44,750 (£53 per m2). The tribunal found that the adopted tone of £85 per m2 was supported by rental evidence from comparable industrial properties at the same estate, but accepted the appellant's argument for a reduced relativity for ground floor offices from 1.2 to 1.1 to reflect their basic quality. The appeal was allowed in part, with the RV adjusted to £54,500.
Summary generated from the decision text and checked against it. The appellant was Rhopoint Components Limited, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Evidence
- Rents, Settled assessments, comparable_properties
- Hearing
- 8 December 2020
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