266,, OLD BROMPTON ROAD,, SW5 9HR
Shop and premises Decided 14 December 2020 CHG100113699 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 that the rateable value should be reduced to £42,500 based on the lease rent of £42,000 per annum (analysed at £723/m²) and proposing a zone A rate of £775/m². The tribunal applied the Lotus and Delta v Culverwell framework and found that whilst the subject property's actual rent was significantly lower than comparable properties in the same and nearby parades (which analysed between £850/m² and £963/m²), the appellant had not provided sufficient evidence to establish that a rate lower than £900/m² should be adopted. The tribunal noted that the subject property's rent had not increased since 2009 and appeared unrepresentative of market value, whereas nearby comparable properties consistently supported the £900/m² valuation.
Summary generated from the decision text and checked against it. The appellant was Libertybelle UK Limited, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents, Expert report
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 8 December 2020
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