FF, 63 Vyner Street, E2 9DQ
Factory and premises Decided 7 July 2022 CHG100148471 JMA Chartered Surveyors
Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure. This judgement decided 2 properties together; the figures above are for this appeal's property (First Floor, 63 Vyner Street, London E2 9DQ). Every property is listed below.
The 2 properties in this decision
One judgement covered all of these appeals. Each property’s figures as the judgement states them (2017 list); this appeal’s property is highlighted.
| Property | Original RV | Sought | Tribunal decided | Outcome |
|---|---|---|---|---|
| Ground Floor, 63 Vyner Street, London E2 9DQ | £24,500 | £10,000 | £22,250 | Allowed in part |
| First Floor, 63 Vyner Street, London E2 9DQThis appeal | £14,250 | £5,750 | £12,750 | Allowed in part |
What was argued and what the tribunal found
The appellant argued the subject factory units should be compared against factory comparables at £85 psm, not modern offices. The tribunal found the respondent's office comparable (Markian House at £210 psm) was not truly comparable due to being significantly different. While the appellant's 7 Vyner Street comparable at £83 psm supported a reduction, its periodic tenancy with break clause meant the evidence was not determinative. The tribunal reduced the RV to £190 psm for the ground floor and £161.50 psm for the first floor (reflecting a 15% reduction), balancing the change in size from the split units against the modern office comparables.
Summary generated from the decision text and checked against it. The appellant was James Ince & Sons (Umbrellas) Ltd, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Valuation method
- Evidence
- Rents
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC)
- Hearing
- 8 June 2022
Similar decisions
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- Gnd Floor, 63 Vyner Street, E2 9DQ — Allowed in part, 7 Jul 2022
- EXCL FNT ADJ 114-150,, HACKNEY ROAD,, E2 8ET — Dismissed, 7 Oct 2021
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