Clear Channel No 02036672 01-03 On Apollo Theatre, 1 Stockport Road, M12 6AP
Advertising Right (two 48 sheet paper and paste wooden display boards and one 96 sheet lightbox) Decided 11 May 2021 CHG100126630 Mick O'Donoghue/Colliers International - Leeds
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 challenged the 2017 assessment of an advertising right comprising two 48 sheet paper and paste wooden displays and one 96 sheet lightbox, valued at £17,500 RV, proposing £13,000. The tribunal found the assessment excessive by comparing the subject property to comparable sites in the M12 postcode area, which supported lower values for the traditional paper and paste 48 sheet displays. Although the actual passing rent of £18,000 pa was set two years after the valuation date and thus given limited weight, the comparable properties evidence demonstrated that £4,250 per 48 sheet display was unreasonable, and the tribunal adopted Mr O'Donoghue's revised assessment of £13,000 RV based on £2,000 per 48 sheet display (lower than comparables due to their inferior nature), £8,500 for the lightbox, and £620 for structure.
Summary generated from the decision text and checked against it. The appellant was Vivid Outdoor Media Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner and Theobald LLP v David Jackson
- Hearing
- 15 April 2021
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