PT 2ND FLR, 1 MARSDEN STREET, M2 4PH
Offices and premises Decided 9 July 2021 CHG100118726 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 unadjusted main space price should be £185/m² (RV £40,500) based on comparable rents, contending that the subject property's actual rents were unreliable due to distance from the AVD. The Valuation Officer maintained the main space price of £210/m² (RV £49,500) based on tone of the list comparables, arguing that the subject property rents required adjustment for rent-free periods and stepped arrangements. The tribunal found the appellant's proposed price of £170/m² too low given the pattern of rents and dismissed the appeal, accepting that the VOA's figure of £210/m² was not unreasonable when tested against comparable evidence.
Summary generated from the decision text and checked against it. The appellant was A2E Industries Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Valuation method
- Evidence
- Rents, tone_of_list_comparables, Photographs
- Cases cited
- Lotus and Delta v Culverwell; K Shoe Shops v Hardy
- Hearing
- 11 June 2021
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