(& 7-10 BATEMAN ST) GRD FLR 55 FRITH STREET, W1D 4SJ
Shop and premises Decided 28 April 2022 CHG100132649 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 rate of £2,000/m² applied to the ground floor retail premises was excessive and should be reduced to £1,600/m². The tribunal examined rental evidence from comparable properties on Frith Street and nearby streets, and considered settled assessments for comparable properties which had been reduced to £1,600/m². The tribunal found that the analysed rent of £1,600/m² for a comparable property at 50 Frith Street, together with settlements for 35 and 39 Frith Street at £1,600/m², demonstrated a shift in the tone of shops on Frith Street and supported the proposed reduction. The appeal was therefore allowed.
Summary generated from the decision text and checked against it. The appellant was Northwood Investors International Limited, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner and Theobald LLP v David Jackson
- Hearing
- 7 April 2022
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