1D CHAILEY IND EST, PUMP LANE, UB3 3NE
Warehouse and Premises Decided 17 September 2021 CHG100119729 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 sought to reduce the RV from £31,250 to £23,000 (£40/m²) based on a lease renewal of the subject property at £24,780 per annum (£42.98/m²). The tribunal found this lease renewal carried little weight as it was not an open market agreement and lacked supporting documentation. The tribunal instead gave greater weight to comparable evidence across the Chailey Industrial Estate, where similar industrial units were valued at £55/m² in the 2017 list, which was not found to be excessive. The appeal was dismissed and the RV confirmed at £31,250.
Summary generated from the decision text and checked against it. The appellant was ASB Distributions Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 24 August 2021
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