Dominos Pizza Ltd, Unit A Towerfield Drive, PL6 7FG
Shop and Premises Decided 10 June 2021 CHG100131538 Colliers International - Daniel Johnstone
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 the RV should be reduced to £21,250 (Zone A rate £250 psm) because the subject property's lease rent of £25,000 was significantly lower than the two comparable units in the scheme. The tribunal found that although the lease required adjustment due to its 20-year length and 12-month rent-free period, the comparable rental evidence from two adjoining units let in the same month supported the current Zone A rate of £325 psm. The tribunal held that the subject property's prime location at the site would not support an RV lower than the adjoining units, and the basket of evidence supported the existing RV of £27,500.
Summary generated from the decision text and checked against it. The appellant was D P Realty, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents, Photographs
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 14 May 2021
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