1st Floor, 94-97, Charles Henry Street, Charles Henry Street, B12 0SJ
Studio and premises Decided 25 November 2020 CHG100090820 Colliers International - Birmingham
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 Valuation Officer's adopted tone of £85 per m2 was excessive compared to the actual rent of £15,000 per annum (adjusted to £13,750) and that the rental comparables and assessment evidence were not reliable. The tribunal found that significant weight should be attached to the actual rent as it fell between the antecedent valuation date and effective date with no evidence of market decline, and that the comparable evidence did not support the £85 per m2 valuation. The tribunal therefore allowed the appeal and determined the RV at £13,500 based on £62.50 per m2.
Summary generated from the decision text and checked against it. The appellant was S4 Studio Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 12 November 2020
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