Gnd Floor, 63 Vyner Street, E2 9DQ

What was argued and what the tribunal found

The appellant argued the subject properties were factories and should be valued by reference to factory comparables at £85 psm, whereas the respondent relied on an office building comparable at £352.27 psm and sought to confirm the original RV. The tribunal found the office building was not truly comparable and the lease evidence for 7 Vyner Street, being a periodic tenancy, was not determinative. The tribunal allowed the appeals in part, applying base rates of £190 psm (ground floor) and £161.50 psm (first floor) to account for the reduction in unit size following the split and the difference from modern office valuations.

Summary generated from the decision text and checked against it. The appellant was James Ince & Sons (Umbrellas) Ltd, represented.

Grounds argued

• Rental evidence · decisive
• Comparable assessments (tone)

Evidence

Rents, Settled assessments

Cases cited

Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC)

Hearing

8 June 2022

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All decisions in London Borough of Tower Hamlets · Industrial and warehouses nationally