Units 1-3 And 4, Venture Court, BB5 5WH
Warehouse and Premises Decided 1 July 2021 CHG100144746 Roberts Vain Wilshaw - Paul Roberts
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 rent passing on the subject property supported a reduction to £27-28 per m² based on a 2015 lease with a stepped rent basis. The tribunal found that the rent was tainted by being a stepped rent deal covering multiple units with related parties, and lacked the necessary characteristics to be reliable evidence under Lotus and Delta principles. The tribunal was satisfied that the current assessment at £31 per m² was supported by comparable property assessments in the locality ranging from £31-34 per m², and dismissed the appeal.
Summary generated from the decision text and checked against it. The appellant was Olympic Fixing Products Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 10 June 2021
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